General Principles Of AgencyEASY
When someone authorizes another to act on their behalf, they grant:
Correct Answer
D) Power of attorney
Power of attorney is a legal document authorizing one person (the attorney-in-fact) to act on behalf of another person in legal or financial matters.
Answer Options
A
Promissory noteB
AffidavitC
Attorney-in-factD
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Related Topics & Key Terms
Related Topics:
agency-relationshipslegal-documents-in-real-estateprincipal-agent-authority
Key Terms:
power of attorneyattorney-in-factprincipal-agent relationshiplegal authoritydurable power of attorney
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