Multi Part Agency Question - Answer True or False

a.) The agency relationship is terminated by the financial hardship of the principal.

b.) A trust may only be created by a will.

c.) A codicil is an unwitnessed, handwritten will.

d.) Stepchildren and adopted children are both included as "children" in a will.

e.) The death of the trustee automatically terminates the trust.

f.) Reaffirmation is the promise of a debtor to pay a dischargeable debt.

g.) Agency is governed by Federal law.

h.) In New York by GOL 5-1601 the power of attorney may survive incompetence.

i.) An unincorporated association cannot be a principal.

j.) An imposter may have apparent authority.

Answer rating: 100% (QA)

a The agency relationship is terminated by the financial hardship of the principal TRUE An agency re... View the full answer