If an agent appointed under a power of attorney acts on behalf of a principal after the principal dies but before the agent has been informed of the death, power of attorney legislation in each state provides that:
A) The agent's act will not bind the principal's estate and any contracts entered into by the agent on the principal's behalf are void.
B) The agent will be personally liable for any contracts entered into.
C) The agent's actions will bind the estate of the principal.
D) Any contracts entered into on behalf of the principal by the agent are voidable and may be terminated at the discretion of the executors of the principal's estate.
Correct Answer:
Verified
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