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See also:POWER OF See also:ATTORNEY, or See also: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-See also:wise could only be done by the principal himself . It is either See also:general or See also:special . A general See also:power of See also: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 . 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 See also: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 See also: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 See also:branch of the law of agency . |
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