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.
Your document does not need to adhere to strict legal format or language, but should include the relevant provisions that would establish and grant the needed authority. Your written assignments must follow APA guidelines. Be sure to support your work with specific citations from this week's Learning Resources and additional scholarly sources as appropriate.