Since the Capacity to Be a Principal Depends Upon the Capacity

question 72

True/False

Since the capacity to be a principal depends upon the capacity of the principal to do the act himself,a person cannot appoint an agent to act for him in the case that he subsequently loses mental capacity.

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Definitions:

Staples

Basic or essential items that are regularly used and replenished, such as food, clothing, and household goods.

Office Depot

A retail company specializing in selling office supplies, technology products, and furniture to consumers and businesses.

Conglomerate Merger

A type of merger where two or more companies in unrelated business activities or industries combine.

ALCOA Case

A landmark antitrust case against the Aluminum Company of America (ALCOA), emphasizing legal issues related to monopolies and market competition.