Miklos grants an ordinary power of attorney to Nathalie to handle a list of financial transactions on Miklos's behalf.This power will terminate on
A)any transaction causing a loss to Miklos.
B)Miklos's death or incapacity.
C)Miklos's sixty-fifth birthday.
D)Nathalie's handling of one of each stipulated transaction.

Question

Quizplus · Accepted Answer

The power of attorney will terminate upon Miklos's death or incapacity, which is the usual and standard condition for termination of a power of attorney. The other options are not valid as they are not typical for termination conditions of a power of attorney, and A is ambiguous since it does not stipulate what constitutes a loss to Miklos.

Miklos Grants an Ordinary Power of Attorney to Nathalie to Handle