In a power of attorney agreement, what is the title of the agent?

Prepare for the BPA Business Law and Ethics Test with engaging flashcards and multiple choice questions. Each question comes with explanations to enhance understanding. Succeed in your exam confidently!

In a power of attorney agreement, the title of the agent is referred to as "attorney-in-fact." This term specifically describes the individual authorized to act on behalf of another person, known as the principal, in legal or financial matters. The attorney-in-fact has the authority to make decisions and execute documents as outlined in the power of attorney document, which grants them the legal capacity to represent the principal's interests.

The other terms, while related, do not accurately describe the role of the agent in this context. "Agent" is a broader term that can apply to various types of legal relationships but does not specifically denote the relationship established by the power of attorney. The term "principal" refers to the person granting the authority, not the agent. "Legal representative" is a more general term that encompasses various legal roles and does not specifically define the function of the agent under a power of attorney agreement.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy