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3. Breach of Contract by an agent. Originally when made, the Power of Attorney is irrevocable but can be revoked in case of gross mismanagement on behalf of an Agent.
A power of attorney allows your agent to act on your behalf with another party. Now that party might ask the agent to prove that you have given him the authority. This can be done by showing an affidavit made by your agent where he states that he is your agent and that you have given him the power of attorney.
Until an attorney-in-fact's powers are properly revoked, they can continue to legally act for the principal. To cancel a Power of Attorney, the principal can create a document called a Revocation of Power of Attorney or create a new Power of Attorney that indicates the previous Power of Attorney is revoked.
An attorney's signature must also be witnessed by someone aged 18 or older but can't be the donor. Attorney's can witness each other's signature, and your certificate provider can be a witness for the donor and attorneys.
An attorney's signature must also be witnessed by someone aged 18 or older but can't be the donor. Attorney's can witness each other's signature, and your certificate provider can be a witness for the donor and attorneys. Signatures can't be witnessed online and must be done in person.
Power of attorney could be irrevocable or revocableand 'general' if it is made generally for certain acts, for eg, representation before the income-tax department. Further, your power of attorney could be irrevocable or revocable," says Bhakta. Also, your power of attorney may or may not require registration.
Section 202 of the Act states that if the agent in a principal-agent relationship has an interest in the agency then, the power of attorney cannot be revoked without the consent of the agent.
Until an attorney-in-fact's powers are properly revoked, they can continue to legally act for the principal. To cancel a Power of Attorney, the principal can create a document called a Revocation of Power of Attorney or create a new Power of Attorney that indicates the previous Power of Attorney is revoked.
In most cases if you are using the Power of Attorney domestically, anyone over the age of 18 who isn't named as your Attorney can be a signatory witness. This can be a friend, colleague, family member or any professional.