Can a principal revoke an agent's authority at any time?

A principal can indeed revoke an agent's authority at any time, as long as doing so does not violate any terms of their contract. This principle is based on the nature of agency relationships, where the principal retains the right to control the agency and its agents.

Revocation must take place within the bounds of any express agreements or contractual obligations in place between the principal and agent. For instance, if the agency agreement specifies a certain duration or conditions under which the authority is granted, the principal would need to adhere to those terms to avoid breach of contract. However, in the absence of such stipulations, revocation is permissible regardless of whether the agent agrees or is performing satisfactorily.

Understanding this concept is vital, as it reflects the balance of power in agency relationships where principals maintain ultimate control. This contrasts with the other choices, which suggest limitations that do not align with established agency law.