Agency is governed by federal law

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Reference no: EM131498450

Multi Part Agency Question - Answer True or False

a) The agency relationship is terminated by the financial hardship of the principal.

b) A trust may only be created by a will.

c) A codicil is an unwitnessed, handwritten will.

d) Stepchildren and adopted children are both included as "children" in a will.

e) The death of the trustee automatically terminates the trust.

f) Reaffirmation is the promise of a debtor to pay a dischargeable debt.

g) Agency is governed by Federal law.

h) In New York by GOL 5-1601 the power of attorney may survive incompetence.

i) An unincorporated association cannot be a principal.

j) An imposter may have apparent authority.

Reference no: EM131498450

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