BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -’Power Of Attorney’ is an authority given by an instrument by one person, called as the donor or principal, authorising another person, called donee or agent to act on his behalf.
Detailed explanation-2: -A power of Attorney holder is nothing but an agent as to S. 182 of the Indian Contract Act, 1872.
Detailed explanation-3: -Power of attorney (POA) is a legal instrument that allows a person to appoint another person to manage your property (Power of attorney for property), legal, medical affairs, and/or finances on your behalf in your absence.
Detailed explanation-4: -The agent and principal have been defined under Section 182 of the Indian Contract Act, 1872. ‘The law is settled that though the general power of attorney holder cannot delegate his powers to another person but the same can be delegated when there is a specific clause permitting sub-delegation.