Which of the Following Statements Is True About the Power

question 63

Multiple Choice

Which of the following statements is true about the power of attorney?

• A) For business purposes, an agent's authority is determined by customs, circumstances, and the facts of a situation rather than a written or oral agreement.
• B) It permits a principal to deny that someone is the principal's agent after leading a third party to believe that the person is an agent.
• C) It is formed when an unauthorized act of an agent is accepted by a principal.
• D) It gives an agent the authority to sign legal documents on behalf of a principal.

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Definitions:

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression, often representing a measure of some property.

Midpoint Formula

A method used in geometry and economics to find the midpoint or the average of two points on a line segment.

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The total amount spent by consumers on goods and services in a given period.