Section 597
Termination Of Agency
(1) Except as otherwise provided for in
the contract, the agency shall be deemed to be terminated ipso
facto, in any of the following circumstances:
(a) If the agent voluntarily renounces the agency and
gives a notice thereof to the principal,
(b) If the principal revokes the authority given to the
agency or the contract of agency or gives a notice to
the agent on the impossibility of performance of the
contract,
(c) If the agent is appointed for any specific business
and that business is completed,
(d) If the agent is appointed for a specific period and
that period expires,
(e) If the principal or the agent dies or becomes of
unsound mind,
(f) If the principal is declared to be insolvent,
(g) If the matter for which the agent is appointed no
longer exists,
(h) If an agent is appointed by a body corporate and
such a body is liquidated or dissolved.
(2) The principal may revoke any or whole of the authority
given to the agent at any time before the agent exercises the
authority, and if the authority is so revoked, the principal shall
immediately give a notice thereof to the agent.
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Provided that if the agent has already exercised some of such
authority, the authority shall not be deemed to have been revoked in
relation to the act already done in exercise of the authority
(3) Notwithstanding anything contained elsewhere in this
Section, if the agent also has a share in the property connected with
the main business of the agency, the agent may not be removed in
such manner as to be prejudicial to such share.