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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.

Operation Management, Management Studies

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