Common law authority

Power of Attorney gives a person (the agent) the power in the name of the person authorized (principal) to act in certain transactions. Proxy is missing ensures that specified personal questions are supported if the principal or is not able to make a decision. For example, a proxy policy can be the sign you can approve, run and instruments to deliver agent, financial and contractual written for most. In addition, proxy exists so that the agent health decisions, where is the principal due to injury or disease do. HistoryUnder common law, the authority is limited a legal concept, but that is anchored in the U.S. law. Originally, the power of Attorney authorized only men as agent and principle because women had little property and legal rights. Common law requires fully qualified the principal be and need for each transaction contained in the agreement by the proxy exist. For example, a farmer could not his crops and cows during the harvest time could leave an officer to sign a contract or buy send land on your behalf. If the farmer died before transactions were completed, the power of Attorney void.FunctionGeneral proxy uses are still limited because you were under traditional common law. Proxy is primarily for the protection of the principal. An agent may result in legal transactions from the principal as the most important legally empowered the same operations on his own.Common UsesUnder tradition remains common law real property specified participate, documents under the protection of a power of attorney can be mapped. Principles may be a service representative at present his DasSchließung and sign contracts. In addition A canGent authorised to engage in banking transactions and payment of invoices for the ailing elderly, parent or a person serving supervised forces.MisconceptionsFollowing common law direct army, agents are not allowed to make decisions or to act on behalf of the entity not explicitly set forth in the proxy. Once the key is not valid, the proxy is no longer valid, unless the State statue accepts a sustainable durable power of attorney. The power of Attorney is complete when the main dies. The principal of his last will and Testament approval shall be given in the Court and an executor or of representative of the estate be named.ProtectionPower protects Attorney common law the principal is betrayed by the agent. Power of Attorney allows who main even to full authority to determine the expiration date and at any time to revoke powers to the agent.