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Anne acted as Jingo’s agent for maintaining Jingo’s rare coin
collection, including the sale and purchase of rare coins for many
years. Anne developed a drug habit in the recent past. She then sold
some of Jingo’s coins and kept some of the money for herself to buy
drugs. Soon thereafter, Anne was declared bankrupt. The state then
notified Anne that she had sold the maximum allowable value of coins in a
year without getting a rare coin dealer’s license. Shortly thereafter,
Jingo died, which no one knew about until many weeks later. Discuss the
effect of these events on the existence of the agency.