While the Principal Parties to a Transaction Must Be Legally

Multiple Choice

While the principal parties to a transaction must be legally competent for a contract to be valid, it is possible for a party acting on behalf of a principal to obtain this legal right. In order for personal representatives and trustees to be authorized to act on behalf of a principal, a legal instrument commonly referred to as ____________ must be in place.

A) assignment
B) power of attorney
C) mutual assent
D) consideration