Which of the following is true of a general power of attorney?
A. It can be based on a conversation between the principal and agent.
B. It must appoint a licensed attorney to act as the attorney-in-fact.
C. It is one of the most informal types of express agency agreements.
D. It allows the agent to sign legal documents on the principal's behalf.
Answer: D
You might also like to view...
Franchising involves payment of royalties in exchange for exclusive distribution rights.
Answer the following statement true (T) or false (F)
The UCC looks solely upon "title" to determine ownership in goods
a. True b. False Indicate whether the statement is true or false
The first stage in the organizational buying decision process is
A. problem recognition. B. purchase decision. C. antecedent states. D. information search. E. alternative evaluation.
Which of the following is true of theater testing?
A. One of the disadvantages of theater testing is that it fails to identify strong or weak commercials. B. Theater testing is used to test animatic and photomatic roughs. C. Theater testing is typically considered to be "self-indulgent" by most critics. D. The methods of theater testing operations vary, though all measure brand preference changes. E. Theater testing is a popular field method of pretesting finished commercials.