Question: Question 37 2 pts Multiple Answer Options: Select all answers that are correct, whether that is one answer or more. You and your Mother execute

Question 37 2 pts Multiple Answer Options: Select
Question 37 2 pts Multiple Answer Options: Select
Question 37 2 pts Multiple Answer Options: Select
Question 37 2 pts Multiple Answer Options: Select all answers that are correct, whether that is one answer or more. You and your Mother execute a Power of Attorney for you to make all financial decisions on her behalf. Which of the following is/are true: ware of it, your Power of If your Mother becomes incapacitated (loses her mental capacities) and you are Attorney ends regardless of whether or not it is a Durable Power of Attorney. You are an agent of your Mother regardless of whether she is paying you. If your Mother becomes incapacitated (loses her mental capacities) and you are aware of it, your Power of Attorney continues regardless of whether it is a Durable Power of Attorney. You cannot execute a Power of Attorney as you are not an attorney, but you could execute an agency agreement If your Mother becomes incapacitated (loses her mental capacities) and you are aware of it, your Power of Attorney ends unless it is a Durable Power of Attorney. 2 pts Question 38 True/False Question. Johnny Rose owes $1,000 to Twyla for an open tab at her diner, Tropical. One day at the diner, Johnny tells Twyla that he knows he owes her the $1,000, but is unable to pay it. He tells her he will pay her $600 and bus tables for a month. Twyla agrees. This is a valid settlement contract. True O False 2 pts Question 39 Lloyd and Harry decide to start a partnership called "Dumbest Doughnuts." They agree to create a general partnership. Within a month of starting the partnership, Harry decides he no longer wants to be in a partnership with Lloyd and wants to transfer his interest to Sea Bass. Lloyd does not give his consent for the transfer. If Sea Bass purchases Harry's interest, which statement is true as to what Sea Bass has legally purchased: O Sea Bass will take Harry's share when Dumbest Doughnuts distributes profits. Any transfer of interest is invalid as Harry did not obtain Lloyd's permission to transfer his interest. Sea Bass is now a managing partner with Lloyd in Dumbest Doughnuts and has a right to a share of the profits. O Sea Bass's interest is limited to the management and control of the partnership

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