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Encyclopedia Britannica



POWER OF ATTORNEY, or LETTER OF ATTORNEY

This article appears in Volume V22, Page 224 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: POL-PRE
POWER OF ATTORNEY, or LETTER OF ATTORNEY , iS an authority under hand and seal empowering the person named therein to do some act on behalf of the
principal
 , which other-
wise
  could only be done by the
principal
  himself. It is either general or
special
 . A general
power
  of attorney authorizes the agent to act for his principal in all matters, or in matters of a particular nature only, or in respect of a particular business. A
special
  act of attorney authorizes the agent to represent his principal only in some particular specified act. It expires with death of the principal, and is revocable at his will, even by a verbal notice, unless it has been given for a valuable consideration. Moreover, the terms of the
power
  are construed literally, and give such authority only as they confer expressly or by necessary implication. The Conveyancing Act of 1881 provides
protection
  for any person making any payment or doing any act in good faith, in pursuance of a power of attorney, if before the time of the payment or act the donor of the power had died or become lunatic, of unsound mind, or bankrupt, or had revoked the power. The law relating to
powers
  of attorney is a branch of the law of agency. (See AGENT; PRINCIPAL and AGENT.)


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