What would be the outcome if Jenson's seller's agency agreement lapses due to an unforeseen event?

When a seller's agency agreement lapses due to an unforeseen event, the outcome is that the agreement is voided automatically. This situation typically arises when a specific condition or duration stipulated in the agency agreement is either met or invalidated due to circumstances beyond the control of the parties involved, such as the death of the principal or expiration of the agreed-upon time frame.

In the context of agency law, once the term of the agreement has expired or an unforeseen event terminates the party’s obligations, the agreement loses its effect. This means that the agent no longer has the authority to act on behalf of the seller, and any duties or responsibilities outlined in the agreement no longer apply.

Understanding this principle is crucial for both agents and their clients, as it clarifies their rights and responsibilities during a transaction and emphasizes the importance of staying updated with the terms of their agency agreements.