Taylor gives a power of attorney to his twin brother Corey, permitting Corey to make all decisions on his behalf while he is abroad.As per the terms of the power of attorney, Corey is allowed make decisions to purchase or sell stocks on Taylor's behalf, sell Taylor's real estate if he deems it to be in Taylor's best interest, pursue or defend lawsuits on Taylor's behalf, and make all other relevant decisions for Taylor.What kind of power of attorney would confer such powers to Corey?

Question

Quizplus · Accepted Answer

A general power of attorney confers broad powers to the agent to act on behalf of the principal in various matters, including financial and legal decisions, and is not limited to specific tasks or time periods. Therefore, Corey has the authority to make all decisions on Taylor's behalf while he is abroad, including the power to buy and sell stocks, sell real estate, and pursue or defend lawsuits.

Taylor Gives a Power of Attorney to His Twin Brother