A Durable Power of Attorney Differs from a Power of Attorney

question 35

Multiple Choice

A durable power of attorney differs from a power of attorney in that the durable power of attorney:

• A) is a formal written instrument, whereas the power of attorney may be informal and oral.
• B) must follow a standardized form set forth in the federal Uniform Durable Power of Attorney Act.
• C) becomes effective upon the principal's subsequent incapacity or the agent's authority is not affected by the principal's subsequent incapacity.
• D) is governed by Article 3 of the UCC.

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Definitions:

United Nations

A global organization established in 1945 to promote peace, security, and cooperation among countries worldwide.

Successful Globalization

Successful globalization refers to the process whereby businesses expand beyond their domestic borders to integrate into international markets, fostering global economic integration and growth.

Human Rights

Fundamental liberties and privileges inherent to all individuals globally, from their time of birth until their demise.

Developed Markets

Developed markets refer to countries with highly developed economies, characterized by strong industrial foundations, high levels of income per capita, and widespread infrastructure.