Which of the Following Specifies That the Agent's Authority Is

question 82

Multiple Choice

Which of the following specifies that the agent's authority is intended to continue beyond the principal's incapacitation?

• A)Living power of attorney
• B)Durable power of attorney
• C)Permanent power of attorney
• D)Nonterminable power of attorney
• E)Special power of attorney

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Definitions:

Goodwill

The price paid for an asset in excess of its book value. You will see this on the balance sheet when the company has made one or more large acquisitions.

Intangible Assets

Non-physical assets owned by a business, such as intellectual property, brand names, and customer relationships, which add value to the company.

Book Value

The net value of a company's assets expressed on its balance sheet, equal to its total assets minus liabilities, preferred stock, and intangible assets.