Which Of The Following Is A Type Of Agency Agreement

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Usually, the general agent is a business representative, but there are circumstances in which a person may appoint a general representative for personal purposes. A common form of personal general agent is the person who has the authority of someone else. It is a delegation of power to another to act in his place; This can be achieved by running a simple form, e.B. in Figure 25.2 “General Power of Attorney”. Usually, the power of attorney is used for special purposes – for example, to sell real estate or securities in the absence of the owner. But a person facing lengthy surgery and recovery in a hospital can give a general power of attorney to a trusted family member or friend.