Which of the following statements is / are correct? 1-A power of attorney is a...

90.2K

Verified Solution

Question

Accounting

Which of the following statements is / are correct? 1-A power of attorney is a power to act by an agent for the benefit of a principal. 2- A power of appointment is the power to appoint someone to act for the principal. O 2 only. Both 1 and 2. O Neither 1 nor 2. O 1 only.
image
Which of the following statements is / are correct? 1 - A power of attorney is a power to act by an agent for the benefit of a principal. 2-A power of appointment is the power to appoint someone to act for the principal. 2 only. Both 1 and 2. Neither 1 nor 2. 1 only

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students