BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ document allows one person, known as an agent, to act on behalf of another person.
A
Power of attorney
B
Eminent domain
C
Intellectual property
D
Tort
Explanation: 

Detailed explanation-1: -A power of attorney (POA) document is a legal instrument that gives another person the authority to act on your behalf in financial and legal matters.

Detailed explanation-2: -The person named in a power of attorney to act on your behalf is commonly referred to as your “agent” or “attorney-in-fact.” With a valid power of attorney, your agent can take any action permitted in the document.

Detailed explanation-3: -Power of Attorney is a legal document executed by one or more persons giving an authority to one or more persons to act on his or her behalf. Power of Attorney is governed by the Powers of Attorney Act, 1888. The person giving authority is called the attorney of the party giving the authority.

Detailed explanation-4: -Power of Attorney (PoA) A Power of Attorney is a legal document where one person grants the right to execute i.e. power to transact in matters regarding property, legal and judicial proceedings, banking, payment of tax, etc, to another person due to any of the reasons explained above earlier.

Detailed explanation-5: -Special Power of Attorney: A special power of attorney is one by which a person is appointed by the principal to do some specified act or acts. In this type of power of attorney, an agent conferred with a power to do specific act in a single or specified transactions in the name of the principal.

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