The legal document formally creating an agency is called a:
A) general contract.
B) power of attorney.
C) special delegation.
D) collateral power.

Question

Quizplus · Accepted Answer

The legal document formally creating an agency is called a power of attorney. This document gives the agent the authority to act on behalf of the principal in specific or general matters, such as managing finances, making medical decisions or legal transactions. Option A, general contract, is a broad term that refers to any legally binding agreement between two or more parties. Options C and D are not commonly used terms in agency law.

The Legal Document Formally Creating an Agency Is Called A