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.
San Antonio Texas General Power of Attorney is a legal document that grants someone, referred to as the "agent" or "attorney-in-fact," the authority to act on behalf of another person, known as the "principal." This authority extends to making decisions and performing various tasks as outlined in the document. A General Power of Attorney is comprehensive and covers a wide range of legal, financial, and personal matters on behalf of the principal. In San Antonio Texas, there are a few different types of General Power of Attorney that individuals can utilize based on their specific needs: 1. Durable Power of Attorney: This type remains effective even if the principal becomes mentally or physically incapacitated. It enables the agent to make decisions on their behalf, ensuring continuity of care and management of their affairs. 2. Limited Power of Attorney: This form grants specific powers to the agent for a defined period or particular transactions. It may be used when the principal is unable or unwilling to undertake certain tasks personally, such as handling a real estate transaction or managing a business deal. 3. Springing Power of Attorney: This type only becomes effective upon the occurrence of a specific event or condition, stated within the document. It is commonly used to grant powers once the principal becomes incapacitated or unable to act. By establishing a San Antonio Texas General Power of Attorney, individuals can ensure that their affairs are handled smoothly and efficiently in case they are unable to do so themselves. It is always recommended consulting with a qualified attorney to ensure the document adheres to legal requirements and accurately represents the principal's intentions.San Antonio Texas General Power of Attorney is a legal document that grants someone, referred to as the "agent" or "attorney-in-fact," the authority to act on behalf of another person, known as the "principal." This authority extends to making decisions and performing various tasks as outlined in the document. A General Power of Attorney is comprehensive and covers a wide range of legal, financial, and personal matters on behalf of the principal. In San Antonio Texas, there are a few different types of General Power of Attorney that individuals can utilize based on their specific needs: 1. Durable Power of Attorney: This type remains effective even if the principal becomes mentally or physically incapacitated. It enables the agent to make decisions on their behalf, ensuring continuity of care and management of their affairs. 2. Limited Power of Attorney: This form grants specific powers to the agent for a defined period or particular transactions. It may be used when the principal is unable or unwilling to undertake certain tasks personally, such as handling a real estate transaction or managing a business deal. 3. Springing Power of Attorney: This type only becomes effective upon the occurrence of a specific event or condition, stated within the document. It is commonly used to grant powers once the principal becomes incapacitated or unable to act. By establishing a San Antonio Texas General Power of Attorney, individuals can ensure that their affairs are handled smoothly and efficiently in case they are unable to do so themselves. It is always recommended consulting with a qualified attorney to ensure the document adheres to legal requirements and accurately represents the principal's intentions.
