A guardian or preserver of another person's property appointed by a court because the other person cannot legally manage it is known as a(n)
A) principal.
B) attorney in fact.
C) conservator.
D) durable power of attorney.

Question

Quizplus · Accepted Answer

A conservator is appointed by a court to manage the property of someone who is incapable of managing their own affairs. This could include individuals who are minors or who have a disability. A principal is someone who appoints an agent to act on their behalf, an attorney in fact is the agent appointed by the principal, and durable power of attorney is a type of power of attorney that remains in effect even after the principal becomes incapacitated. None of these terms accurately describe the role of a conservator.

A Guardian or Preserver of Another Person's Property Appointed by a Court