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slega [8]
3 years ago
12

While the principal parties to a transaction must be legally competent for a contract to be valid, it is possible for a party ac

ting on behalf of a principal to obtain this legal right. In order for personal representatives and trustees to be authorized to act on behalf of a principal, a legal instrument commonly referred to as ____________ must be in place.
Social Studies
1 answer:
kodGreya [7K]3 years ago
4 0

In order for personal representatives and trustees to be authorized to act on behalf of a principal, a legal instrument commonly referred to as <u>power of attorney</u> must be in place.

<u>Explanation</u>:

Power of attorney is a legal document that gives authorization for a person to act on behalf of them. There are four types of power of attorney. They are as follows:

i) Special or Limited Power of Attorney

ii) Durable Power of Attorney

iii) Springing Durable Power of Attorney

iv) General Power of Attorney

Power of attorney creates a legal relationship between you and another person and specifies that you give power to the other person. In this situation, you are the principal and the other person is an agent.

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elena-14-01-66 [18.8K]
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3 years ago
What type of charitable donation has been made by the
hjlf

The correct answer is B. Monetary gift

Explanation:

Monetary gift is a type of donation that involves transferring or giving money to an individual, a group of people, or an organization. This often means they can decide how to spend the money. Also, this differs from other types of donations such as donations of goods because this involves donating specific things such as food, clothes, or furniture; or from the donation of work/services because in this you give your time, skills, and effort.

A monetary gift is the type of donation the Social Concerns Committee made to the women's shelter because the committee gave this organization a check, which is equivalent to money. Also, to get the money they requested people to donate goods they later sold but in the end what the women's shelter receive was money.

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Answer:

b

Explanation:

5 0
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