A Document That Gives Person a the Right to Act

question 61

Multiple Choice

A document that gives person A the right to act for person B,in the event,person A becomes incapacitated is known as a:

• A) durable power of attorney.
• B) living trust.
• C) right of succession.
• D) codicil.

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Definitions:

Office Supplies

Consumable items used in an office setting, such as paper, pens, and office equipment.

Unearned Revenue

Prepayment from customers for goods or services which have not yet been delivered or performed, representing a liability until the obligation is fulfilled.

General Journal

The general journal is an accounting ledger in which all types of transactions are initially recorded, formatted by date, before being transferred to specific accounts in the general ledger.

Landscaping Services

Professional services that encompass the planning, designing, and maintenance of outdoor and garden spaces.