Under the UPC, All Acts Done by an Attorney-In-Fact Under

question 18

True/False

Under the UPC, all acts done by an attorney-in-fact under a durable power of attorney during any period of disability or incapacity of the principal have the same effect as if the principal were competent and not disabled.

---

Definitions:

Bounded Rationality

A concept that decision-makers are limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make decisions.

Heuristics

Mental shortcuts or rules of thumb that simplify decision-making processes.

Preferences

Individual choices or inclinations towards certain options, objects, or outcomes over others.

Heuristics

Simple, efficient rules, either hardwired by evolutionary processes or learned, which help individuals make decisions, come to judgments, and solve problems when facing complex situations or incomplete information.