which of the following best describes a durable power of attorney

What is a durable power of attorney?

Which of the following best describes durable power of attorney? b. dissolution The termination of the corporation's operation except activities needed for liquidation is known as:

What are the different types of power of attorney?

Jan 27, 2022 · A power of attorney, also called a POA, is a document that appoints a person (an agent) to act on another's (the principal's) behalf.1 Agents have the power to make important legal, financial, and health decisions on behalf of the principal. An agent is often a caregiver, family member, or close friend, and sometimes it's an attorney.

What can a general power of attorney do?

True False QUESTION 33 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.

What happens if you don't have a power of attorney?

Which of the following is true about a durable power of attorney? A) It is only effective as long as the principal is able. B) It remains effective even though the principal is incapacitated. C) It is effective even when the agency is an oral agreement. D) It is only effective if the agent is a certified lawyer.

What a durable power of attorney form means quizlet?

Durable Power of Attorney. A Power of Attorney terminates if the principal becomes incapacitated, unless it is a special kind of Power of Attorney known as a "Durable Power of Attorney." A Durable Power of Attorney remains effective even if a person becomes incapacitated.

Which of the following is a duty of an employer towards an employee quizlet?

Terms in this set (39) Duty of health, safety and welfare - an employer agrees to take reasonable care to ensure it employees' health, safety and welfare at work. This duty extends to taking reasonable care not to cause psychiatric harm to employees by reason of the character of volume of the work imposed on them.

Which of the following best describes the dissolution of a partnership?

Which of the following best describes the dissolution of a partnership? It is the change in the relation of the partners by ending the present legal entity. A lease agreement may be oral or written if the lease is for less than one year.

Which of the following best describes bylaws quizlet?

Which of the following best describes bylaws? They are rules enacted by directors to govern a corporation's conduct.

Which of the following is a duty of an employer towards an employee?

Provide a workplace free from serious recognized hazards and comply with standards, rules and regulations issued under the OSH Act. Examine workplace conditions to make sure they conform to applicable OSHA standards. Make sure employees have and use safe tools and equipment and properly maintain this equipment.

What duties are owed the employer by an employee?

Employee Responsibilities to EmployersObedience. ... Dealing honestly with the employer. ... Working with reasonable care and skill. ... Not disclosing information to others. ... Disclosing any possible conflict of interest. ... Caring for the employer's property, equipment, and facilities.More items...•Mar 30, 2020

Which of the following terminates partnerships?

A partnership is considered terminated if no part of its business, financial operations, or activities continues. In any case, the partnership agreement dictates what happens when the partnership is terminated. Without an agreement, the termination terms are left up to the courts in your state.Jun 22, 2021

How is partnership terminated?

Winding up ends all outstanding legal and financial obligations of the partnership so that the business can be terminated. Winding up is a process and will be conducted according to the partnership agreement and according to applicable state laws. Once winding up is complete, the partnership is terminated.Sep 27, 2021

Does dissolution terminate the partnership?

Dissolution is distinct from the termination of a partnership and the "winding up" of partnership business. Although the term dissolution implies termination, dissolution is actually the beginning of the process that ultimately terminates a partnership.

Which of the following statements best defines customary authority?

Which of the following statements best defines customary authority? The amount expressed in numbers on a negotiable instrument prevails over the amount expressed in words. A check can be issued by a post office, bank, and express company.

Which of the following describes the duty of loyalty?

Which of the following describes the duty of loyalty? It prohibits managers from making a decision that benefits them at the expense of the corporation. Which of the following is NOT a method to acquire control of a company?

Which of the following is not covered by the Civil Rights Act of 1964 but may be covered under other statutes quizlet?

Terms in this set (24) Which of the following is NOT covered by the Civil Rights Act of 1964, but may be covered under other statutes? treating employees or job applicants unequally on the basis of race, color, national origin, religion, gender, age, or disability. this is prohibited by federal statutes.

Does a power of attorney need to be notarized?

It depends on the state, since each state has its own rules for validating a power of attorney. Some require two witnesses and no notary, some requ...

How much does a power of attorney cost?

The cost for a power of attorney varies, depending on how you obtain the form and your state’s notary requirements. Online forms may be free, and y...

How many people can be listed on a power of attorney?

You can name multiple agents on your power of attorney, but you will need to specify how the agents should carry out their shared or separate duties.

What are the requirements to be a power of attorney agent?

Legally, an agent must be at least 18 years old and of sound mind.4 You should also choose someone you trust to act in your best interests.

When should I create a power of attorney?

You can create a power of attorney at any point after you turn 18. You need to create a power of attorney while you’re of sound mind.

Who does Taylor give power of attorney to?

Taylor gives a power of attorney to his twin brother Corey, permitting Corey to make all. decisions on his behalf while he is abroad. As per the terms of the power of attorney, Corey is. allowed make decisions to purchase or sell stocks on Taylor's behalf, sell Taylor's real estate if.

What does Dean do when he gets a short circuit in the house?

a short circuit in the house causes a power outage. Dean uses his authority to hire an electrician. to repair the circuits and restore electricity in the house. Marcus then comes back and pays Dean. for the electricity repair. What is the nature of the agency that Dean used to fix the electricity.

What does Marlon intend to sell?

Terms in this set (121) Marlon intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to. make the sale. In the contract, Marlon authorizes Nita to make the sale at or above a minimum. price he wants and the date by which he wants the sale to be completed. The contract also.

Who does Marcus employ to sell his house?

C. Marcus employs a real estate broker, Dean, to sell his house. Dean's express powers are to. advertise and market the house for sale, show the house to prospective buyers, and accept offers. from persons who want to purchase the house. He is not allowed to seal a deal without Marcus'. consent.