An important part of agency is legally granting the agent the authority to act in the client's name. By signing such a document, both parties become part of a binding contract and assume certain liabilities and responsibilities. In a 2- to 3-paragraph paper, describe each type of authority, how to give that authority, and then include an example for each. Next, draft a general power of attorney allowing one business partner to make all legal decisions while the other partner has an extended hospital stay and recovery after major surgery.