which of the following statements regarding a special power of attorney is true?

What is a special power of attorney?

Which of the following is true about a special power of attorney? A) It is an implied form of power of attorney. B) It limits the agents powers to those enumerated in the agreement. C) It allows the agent to act in any matters on the principal's behalf. D) …

What are the different types of power of attorney?

All of the following statements concerning a power of attorney are true except: a. POA can be used by authorized person to transfer real estate b. POA is not effective if the person signing the POA is mentally incompetent at the time of signing c. A special POA authorizes only specific transactions d. POA cannot be used after death to dispose of.

Why does a president use a signing statement Quizlet?

d. attorney general. 19. Which of the following is not true regarding the Speaker of the Texas House of Representatives? a. He or she is selected by direct popular vote in a general election. b. He or she may appoint all committee chairs. c. He or she refers all bills to standing committees. d. He or she is the joint chair of the Legislative ...

When is an agent liable for a principal's tortious conduct?

The best answer is D. All statements are true about full trading authorizations. The third party can enter orders; any checks must be drawn in the account name - not third party name; the power of attorney dies if the customer dies; and the customer can designate that confirms go to the third party only (this must be done in writing).

What does Marlon authorize Nita to do?

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. stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of.

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.

Who does Marcus employ to sell his house?

A. 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.

What is a special power of attorney?

A special power of attorney grants the agent express authority over specifically outlined acts. True. Agents who go beyond their authority when the principal is disclosed or partially disclosed are liable to third parties for breach of contract, not breach of implied warranty. False.

Why are agents not allowed to conduct electronic transactions in Singapore?

In Singapore because of the fear of fraud, agents are not allowed to engage in electronic transactions on behalf of principals. B. Singapore relies on a type of law similar to U.S. common law in addressing agency authority in regard to electronic transactions.

Why is an employer not liable for torts?

The employer is not liable because as a matter of public policy, a person is singularly liable for his or her torts. C. In order to give the employer a chance to evaluate the employee, the employer is liable only if the employee has worked for the employer for at least thirty days. D.

Why does Mary agree to take Polly's wedding photos?

When Phil finds out, he explains the agency relationship he has with Mary to Polly and says that he wants to take the photographs because a lady he wants to ask out on a date is expected to be at the wedding.

When is an agent released from liability?

The agent is released from liability to the third party unless the principal resides in another state and has not paid the judgment within 30 days from when it was rendered. The agent is released from liability to the third party.

Does a power of attorney include the power to transfer property?

E. That based on extrinsic evidence showing the decedent's intent, the power of attorney did not include the power to transfer the property. That based on extrinsic evidence showing the decedent's intent, the power of attorney included the power to transfer the property.

Can the law hold the agent liable for the agreement?

E. The law would not hold the agent liable on the agreement. The law will likely hold the agent liable for the agreement.