Norton grants an ordinary power of attorney to Olena to locate potential real estate investment opportunities on Norton's behalf. This power will terminate on Norton's

Question

Norton grants an ordinary power of attorney to Olena to locate potential real estate investment opportunities on Norton's behalf. This power will terminate on Norton's​

Quizplus · Accepted Answer

An ordinary power of attorney terminates on the principal's death or incapacity, so as soon as Norton passes away or becomes incapacitated, Olena's power of attorney would be revoked. Option A is not correct as taking advantage of an investment opportunity does not necessarily revoke the power of attorney. Option C is not correct as there is no automatic termination date for an ordinary power of attorney. Option D is not correct as hiring an actual attorney does not revoke an ordinary power of attorney already granted to someone else.

Norton Grants an Ordinary Power of Attorney to Olena to Locate