Asked by Lyndsay Astor on May 14, 2024

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A(n) ________ allows for an agent to conduct all business for the principal.

A) special power of attorney
B) general power of attorney
C) encompassing power of attorney
D) detailed power of attorney
E) employment power of attorney

General Power of Attorney

A legal document that grants broad authorizations to a person to act on another's behalf in a wide range of legal and financial issues.

Principal

The primary party involved in a transaction or agreement, especially in finance, law, or education, or the amount of money on which interest is paid or received.

All Business

The term "all business" generally implies a focus on practical and effective actions, often with a serious or determined approach to work or tasks.

  • Distinguish between the specific and general authorities granted by power of attorney.
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Victor NavaroMay 16, 2024
Final Answer :
B
Explanation :
A general power of attorney grants an agent the authority to conduct all types of business on behalf of the principal, unlike a special power of attorney which is limited to specific acts.