Multiple Choice
Which of the following best describes a durable power of attorney?
A) It is a verbal agreement designed to be effective even though the principal is dead.
B) It is a written appointment of agency designed to be effective even though the principal is dead.
C) It is a verbal agreement designed to be effective even though the principal is incapacitated.
D) It is a written appointment of agency designed to be effective even though the principal is incapacitated.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Any expense incurred as a result of
Q2: Destruction of the subject matter to be
Q3: Which of the following best describes an
Q5: Agents have a duty to keep
Q6: When there is a contract of agency,
Q7: Jones acted as Blake's agent for 12
Q8: Which of the following is the way
Q9: When an agency agreement does not state
Q10: A principal may ratify an unauthorized contract
Q11: A principal ordinarily does not have liability