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POWER OF ATTORNEY, or LETTER OF ATTORNEY , iS an authority under See also: hand and See also: seal empowering the See also: person named therein to do some See also: act on behalf of the See also: principal, which other-wise could only be done by the principal himself
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It is either general or See also: special
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A general power of attorney authorizes the See also: agent to act for his principal in all matters, or in matters of a particular nature only, or in respect of a particular business
.
A special act of attorney authorizes the agent to represent his principal only in some particular specified act
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It expires with See also: death of the principal, and is revocable at his will, even by a verbal See also: notice, unless it has been given for a valuable consideration
.
Moreover, the terms of the power are construed literally, and give such authority only as they confer expressly or by necessary implication
.
The See also: Conveyancing Act of 1881 provides See also: protection for any person making any payment or doing any act in See also: good faith, in pursuance of a power of attorney, if before the See also: time of the payment or act the donor of the power had died or become lunatic, of unsound mind, or bankrupt, or had revoked the power
.
The See also: law See also: relating to See also: powers of attorney is a branch of the law of agency
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