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:

Psychological Groups

Collections of individuals who are connected through shared beliefs, emotional bonds, or collective behaviors, influencing each other's psychological states.

Cohesive Groups

Groups characterized by strong bonds and mutual respect among members, leading to increased collaboration and productivity.

Emergent Groups

Groups that form spontaneously based on shared interests or goals, especially in response to specific events or conditions.

Formal Groups

Groups in an organization created officially by the management to perform specific tasks or achieve certain objectives.