Asked by Lyndsay Astor on May 14, 2024
Verified
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.
Verified Answer
Learning Objectives
- Distinguish between the specific and general authorities granted by power of attorney.
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