Agency is a relationship based on an agreement authorizing one person, the agent, to act for another, the principal. For example an agent may negotiate and make contracts with third persons on behalf of the principal. Actions of an agent can obligate the principal to third persons. Actions of an agent may also give a principal rights against third persons.
An agency can be created for the purpose of doing almost any act the principal could do. However, there are some acts that must be done in person and cannot be done by an agent. Examples would be: testifying in court for another individual, making a will, and voting.
A general agent is authorized by the principal to transact all the affairs of a particular kind of business. For example, a person appointed as manager of a store is a general agent.
A special agent is authorized by the principal to handle a particular business transaction or perform a specific act. For example, a specific power of attorney appointing an agent (attorney-in-fact) to sell a particular piece of real estate or a certain car would be the appointment of a special agent.
A universal agent is authorized by the principal to do any act that can be delegated to a representative. An example would be giving a person a general power of attorney. This form is such a general power of attorney.
Houston Texas General Power of Attorney is a legally binding document used to grant someone the power to act on behalf of another person, known as the principal, in various financial and legal matters. This comprehensive legal document is commonly utilized to appoint a trusted individual, referred to as the attorney-in-fact or agent, to make decisions and perform actions on behalf of the principal when they are unable or incapacitated. A General Power of Attorney in Houston Texas gives broad powers to the appointed agent to act in the principal's best interest. This may include managing real estate affairs, conducting banking transactions, signing legal documents, initiating lawsuits, handling tax matters, and dealing with business transactions. The powers granted can be expansive, allowing the agent to engage in almost any legal or financial activity that the principal could do themselves. While the term "General Power of Attorney" is often used broadly to refer to the document granting broad legal authority, there are also different types of General Power of Attorney specifically recognized in Houston, Texas. These may include: 1. Durable Power of Attorney: This type remains valid even if the principal becomes mentally incapacitated or disabled. It ensures that the agent's authority to act on behalf of the principal extends during incapacitation, granting them the power to make crucial decisions when the principal is unable to do so. 2. Springing Power of Attorney: A Springing Power of Attorney comes into effect only upon the occurrence of a specified triggering event, as defined within the document. This event is typically the incapacity or disability of the principal. Until the triggering event happens, the agent does not possess any power or authority. 3. Non-durable Power of Attorney: Unlike a Durable Power of Attorney, a Non-durable Power of Attorney terminates upon the principal's incapacity. It is commonly used for temporary transactions or specific events, such as authorizing a person to act on the principal's behalf for a limited period. It is crucial to note that the laws regarding General Power of Attorney can vary between states, including specific nuances within Houston, Texas. Before creating such a legally binding document, it is advisable to consult an attorney familiar with the laws in Houston, Texas, to ensure compliance and protection of the principal's interests.Houston Texas General Power of Attorney is a legally binding document used to grant someone the power to act on behalf of another person, known as the principal, in various financial and legal matters. This comprehensive legal document is commonly utilized to appoint a trusted individual, referred to as the attorney-in-fact or agent, to make decisions and perform actions on behalf of the principal when they are unable or incapacitated. A General Power of Attorney in Houston Texas gives broad powers to the appointed agent to act in the principal's best interest. This may include managing real estate affairs, conducting banking transactions, signing legal documents, initiating lawsuits, handling tax matters, and dealing with business transactions. The powers granted can be expansive, allowing the agent to engage in almost any legal or financial activity that the principal could do themselves. While the term "General Power of Attorney" is often used broadly to refer to the document granting broad legal authority, there are also different types of General Power of Attorney specifically recognized in Houston, Texas. These may include: 1. Durable Power of Attorney: This type remains valid even if the principal becomes mentally incapacitated or disabled. It ensures that the agent's authority to act on behalf of the principal extends during incapacitation, granting them the power to make crucial decisions when the principal is unable to do so. 2. Springing Power of Attorney: A Springing Power of Attorney comes into effect only upon the occurrence of a specified triggering event, as defined within the document. This event is typically the incapacity or disability of the principal. Until the triggering event happens, the agent does not possess any power or authority. 3. Non-durable Power of Attorney: Unlike a Durable Power of Attorney, a Non-durable Power of Attorney terminates upon the principal's incapacity. It is commonly used for temporary transactions or specific events, such as authorizing a person to act on the principal's behalf for a limited period. It is crucial to note that the laws regarding General Power of Attorney can vary between states, including specific nuances within Houston, Texas. Before creating such a legally binding document, it is advisable to consult an attorney familiar with the laws in Houston, Texas, to ensure compliance and protection of the principal's interests.
