Identify forms of Power of Attorney

      

Identify forms of Power of Attorney

  

Answers


Ruth
A P/A is usually made out in the following form:
i) Preamble (recitals), i.e names, addresses, description of parties, together with a
brief outline of the reasons for giving the authority.
ii) Various clauses outlining the specific terms and limits.
iii) Omnibus or general clause.
iv) Time limits (if any)
v) Signature and seal of donor (and usually witnessed).
NatalieR answered the question on February 15, 2022 at 00:35


Next: Highlight circumstances for termination of the bank's authority to pay
Previous: In which ways may revocation/determination occur in the Power of attorney?

View More Banking Laws and Practice Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions