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The termination of a contract between a broker and a principal, particularly in the context of common law principles, typically occurs through various means. The correct choice indicates that if either party declares bankruptcy, this can indeed lead to the termination of the contract.

When one party is declared bankrupt, it generally means that they are unable to fulfill their contractual obligations due to financial distress. In such scenarios, common law principles stipulate that the contract may be voided or terminated because the ability of the bankrupt party to perform their duties under the contract is compromised. This aligns with the legal principle that contracts require the ability to perform as a fundamental aspect, and bankruptcy can materially affect that ability.

Conversely, while completion of the sale certainly concludes certain aspects of a contract, it doesn’t universally terminate contracts in ongoing relationships, such as those that may involve after-sale services. Written notice from either party is a method of termination but not the most typical circumstance under common law conditions – it's often more specific to the needs and terms outlined in the contract itself. Absence of communication does not inherently terminate a contract; rather, contracts often require an affirmative action for termination, as silence isn't typically construed as a terminating action in legal terms.

Overall, the nuances of contract law make