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General Principles Of AgencyMEDIUM

An agent with complete legal authority to act for a principal in all matters is a:

Correct Answer

C) Universal agency

Universal agency grants the agent complete authority to act on behalf of the principal in all matters, typically through a power of attorney.

Answer Options
A
Special agency
B
General agency
C
Universal agency
D
Exclusive agency
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Related Topics & Key Terms

Related Topics:

agency-disclosure-requirementsfiduciary-duties-in-real-estatepower-of-attorney-in-real-estate-transactions

Key Terms:

universal agencypower of attorneyspecial agencygeneral agencyscope of authority
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