which of the following best describes a durable power of attorney? group of answer choices

Which of the following describes a durable power of attorney?

Which of the following best describes durable power of attorney? It is a written appointment of agency designed to be effective even though the principal is incapacitated.

When the court ruled on Detroit Lions Inc v Argovitz what issue did the court address?

Argovitz what issue did the court address? a. The court examined whether Argovitz, as an agent for Sims, violated his fiduciary duty to Sims in contract negotiations.

Which of the following best describes a 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. A constructive trust is also known as a purchase money trust.

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.

What is required to form an agency relationship?

Consent: Consent of both the principal and the agent is necessary to form an agency relationship. More specifically, both the principal and the agent must consent to the agent acting on the principal's behalf and subject to the principal's control.

Which of the following is a major duty that an agent owes to a principal during agency?

A duty of loyalty is one of the most fundamental fiduciary duties owed by an agent to his principal. This duty obligates a real estate broker to act at all times solely in the best interests of his principal to the exclusion of all other interests, including the broker's own self-interest.May 15, 2013

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?

A dissolution of a partnership generally occurs when one of the partners ceases to be a partner in the firm. Other causes of dissolution are the BANKRUPTCY or death of a partner, an agreement of all partners to dissolve, or an event that makes the partnership business illegal. ...

How a partnership can be dissolved or terminated?

By agreement The partners must comply with the agreement. Often there is a clause in the partnership agreement requiring less than a 100% vote to dissolve the partnership. If there isn't such a clause, then all partners, unanimously, at the same time, must agree to dissolve the partnership.

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 are two duties of an employer?

Duties of employersmake sure that work areas, machinery and equipment are kept in a safe condition.organise ways of working safely.provide information, instruction, training and supervision of employees so they can work safely.make sure that employees are aware of potential hazards.More items...•May 10, 2018

Which of the following is a duty a principal has toward the agent quizlet?

A principal is obligated to treat the agent fairly and in good faith and to provide the agent with information concerning risks of physical or financial harm or loss that the principal knows or should know are present in the agent's work but that are unknown to the agent.