What happens if the subject matter of the agency ceases to exist?

When the subject matter of the agency ceases to exist, the agency relationship is terminated. This is because the very foundation of the agency is the subject matter that necessitates the relationship; if that subject matter is no longer available, there is no purpose for the agency to continue. For example, if an agent is hired to sell a specific property and that property is destroyed or removed from the market, the agency's purpose is voided, leading to the automatic end of the relationship. Maintaining the agency without a subject matter would not serve the interests of either party involved, as there would be no business or legal grounds for the relationship to persist.