Question: i i | : You and Ms. Murphy will be helping Mr. Harris with several of the formalities associated with starting and | operating a

i i | : You and Ms. Murphy will be helping Mr.
i i | : You and Ms. Murphy will be helping Mr. Harris with several of the formalities associated with starting and | operating a new business, but first Mr. Harris has other matters to attend to. He will be going into the hospital for surgery in two days and he needs someone to look after the affairs of his business. He has been negotiating some significant contracts and he is afraid he will lose the business if there is no one to act on his behalf while | he is in the hospital. Mr. Harris has asked his friend, Cynthia Ann Lund, who is familiar with his business and his | circumstances, to negotiate and sign contracts on his behalf and just, in general, to operate his business for him + | while he is recovering from surgery. : Mr. Harris would like to give Cynthia Ann Lund a special power of attorney to act on his behalf on matters | related to his computer repair and consulting business, which he refers to as Cutting Edge Computer Repair, for | 30 days. Answer the following questions in separate paragraphs. After posting your answers you will be able to view the | posts of other students. Read those posts and choose at least 2 to respond to. What items did this miss? Explain | _ your thought process. You will be graded on both content and proper writing (grammar and spelling). Be sure and give the source of your information and use quotes for words that are not your own (see plagiarism statement). Attorneys often prepare power of attorneys as a matter of convenience for their clients. 1. What are some considerations to be given by clients and their attorneys before granting a power of attorney to another individual? 2. What consideration must be given concerning the individual named as attorney in fact? | 3. What consideration must be given concerning the scope of powers granted in the power of attorney? 4. Based on the above scenario, If your firm was asked to create a special power of attorney to run the client's computer repair business While the owner was going through surgery and recovery period, what powers would you think should be included

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!