Multiple Choice
Which of the following statements best defines a power of attorney?
A) It is a written instrument indicating how a person's property is to be divided in the event of his/ her death.
B) It is an official document that confers the rights of ownership of certain property to another person.
C) It is the power conferred by a court to enable a party to manage the financial affairs of another party.
D) It is a written instrument indicating the appointment of an agent for the performance of certain tasks.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Which of the following is true when
Q9: Limitations upon an agent's authority can bind
Q11: Which of the following is true in
Q12: A contract of agency usually involves at
Q13: Agency by estoppel arises when:<br>A) a person,
Q14: A general agent may transact business that
Q15: The principal in a contract of agency
Q16: Which of the following statements is true
Q19: A special agent is one who is
Q19: A contract appointing an agent must be