Pelley Gives Jorge a Durable Power of Attorney, This Gives

question 31

Multiple Choice

Pelley gives Jorge a durable power of attorney, this gives Pelley what?

• A) authority to continue beyond a principal's incapacitation
• B) power of attorney only after Pelley files a bond
• C) authority to access bank accounts only
• D) authority to buy and sell real estate only
• E) the ability to file Jorge's taxes

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Definitions:

Negotiable Instruments

Financial documents that promise payment to the holder under specific conditions, including checks, promissory notes, and bills of exchange.

Lex Mercatoria

Lex Mercatoria, also known as the law merchant, is a body of commercial law used by merchants throughout Europe during the medieval period, forming the basis of modern commercial law.

Commercial Money Market

A segment of the financial market where commercial banks and other institutions lend and borrow short-term, high-quality debt securities.

Unconditionally

Without any conditions or limitations; absolutely.