Asked by Alyssa Squissato on Jul 06, 2024
Verified
A durable power of attorney preserves the authority of an agent when the principal becomes incapacitated.
Durable Power
A legal document that grants someone the authority to act on another's behalf in legal or financial matters, continuing in effect even if the grantor becomes incapacitated.
Incapacitated
Refers to the state where an individual or entity is legally unable to make their own decisions due to mental or physical disability.
- Scrutinize the legal implications for the principal resulting from an agent's actions across assorted scenarios, like incapacity and the termination of the agency relationship.
Verified Answer
MA
Mohamad ali El haririJul 09, 2024
Final Answer :
True
Explanation :
A durable power of attorney is specifically designed to remain in effect even if the principal becomes incapacitated or mentally unable to make decisions for themselves. This allows the agent to continue acting on the principal's behalf without interruption.
Learning Objectives
- Scrutinize the legal implications for the principal resulting from an agent's actions across assorted scenarios, like incapacity and the termination of the agency relationship.
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