Which of the following statements best defines a power of attorney?
A) It is a written instrument indicating how a person's property is to be divided in the event of his/ her death.
B) It is an official document that confers the rights of ownership of certain property to another person.
C) It is the power conferred by a court to enable a party to manage the financial affairs of another party.
D) It is a written instrument indicating the appointment of an agent for the performance of certain tasks.

Question

Quizplus · Accepted Answer

A power of attorney is a legal document that allows one person (the principal) to appoint another person (the agent or attorney-in-fact) to act on their behalf for specific tasks or decisions.

Which of the Following Statements Best Defines a Power of Attorney