Discussion :: Matching Definitions
- Power of Attorney refers to a legal document that gives an individual authority to act for another person in specified or all financial matters. Which of the following situations is the best example of the Power of Attorney?
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A.
Mary is selling her apartment, and she hires a lawyer to evaluate the deal.
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B.
Due to illness, Tom's mother can no longer visit the bank to deposit money and cash her cheques. She has completed some legal formalities to enable Tom to do such tasks for her.
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C.
Peter's father is elderly, so Peter thinks he is not able to make decisions, and he should make decisions on his behalf.
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D.
Tom completes all the formalities so that his father could open a retirement account with the bank.
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Answer : Option B
Explanation :
In choice B, Tom's mother has taken legal steps to authorize her son to act on her behalf. It indicates a legal document is created to establish power of attorney.
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