Miklos employs Nathalie to handle a list of financial transactions on Miklos's behalf.This power will terminate on
A)any transaction causing a loss to Miklos.
B)Miklos's death or incapacity.
C)Miklos's sixty-fifth birthday.
D)Nathalie's handling of one of each stipulated transaction.

Question

Quizplus · Accepted Answer

The power granted to Nathalie will terminate on Miklos's death or incapacity. This is a common provision in power of attorney agreements, as it ensures that the designated person cannot continue to act on behalf of the principal if they are no longer able to make their own decisions or have passed away. Option A is also a possibility, but it is not specified in the scenario that this is a condition for termination. Option C is not relevant to the situation, and option D is too specific and not a common condition for terminating a power of attorney.

Miklos Employs Nathalie to Handle a List of Financial Transactions