Which of the following is true about a durable power of attorney?
A. It is only effective for as long as the principal has contractual capacity.
B. It remains effective even though the principal is incapacitated.
C. It is effective even when the agency is based on an oral agreement.
D. It is only effective if the attorney-in-fact is a licensed attorney.
Answer: B
You might also like to view...
When the frequency in any cell of a contingency table is low, it is ________
A) time to stop the analysis B) OK to ignore this and move on to finish the analysis C) OK to proceed if the phi coefficient is used D) time to increase the size of the table E) time to reduce the size of the table by combining categories
Briefly answer each of the following questions about bond issue costs: 1. What type of cost is included in bond issue costs? 2. As a percentage of a bond issue, how significant are bond issue costs? 3. What is the impact of bond issue costs on a bond issue and the amount of interest expense a company records over the life of the bond?
Brisa recently had a baby. When she returned from maternity leave, her manager assumed that she would want to work fewer hours and would be distracted by things at home. Although Brisa’s performance remained as high as it had been before the baby, her boss gave her lower marks on her performance appraisal. It is likely her manager made an error due to ______.
A. similarity B. stereotyping C. proximity D. contrast
Nikita, an employee-agent of Operational Processes, Inc, is authorized to access company trade secrets. Nikita downloads those secrets onto a thumb drive. She then quits Operational's employ and goes to work for Quantum Analysis, Inc, an Operational competitor, with whom she shares the secrets. With respect to the agent's duty of loyalty to her principal, this is
a. unethical, but not illegal. b. neither unethical nor illegal. c. illegal, but not unethical. d. unethical and illegal.