A Principal May Designate Someone to Do All Acts That

question 175

True/False

A principal may designate someone to do all acts that can be legally delegated to an agent. That agent is called a universal agent.

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Definitions:

Opportunity Cost

The cost of an alternative that must be foregone in order to pursue a certain action. Essentially, the benefits you could have received by taking an alternative action.

Value of the Dollar

An expression of the dollar's strength, usually compared against other currencies, which determines the buying power of the dollar in international markets.

Euro

Used by 19 of the 27 EU member states, this is the sanctioned currency of the Eurozone.

Trade Deficit

A scenario in which a nation's import expenses surpass the revenue generated from its exports.