Agent's Certification as to Validity of Power of Attorney and Agent's Authority - West Virginia: Fill out & sign online

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What is example of agent in business?

Two common types of agents are attorneys, who represent their clients in legal matters, and stockbrokers, who are hired by investors to make investment decisions for them. The person represented by the agent in these scenarios is called the principal.

What are the 4 types of agent authority?

Key Takeaways Know the difference between a specific, general, and universal agent. Know the 4 types of agency authorities actual, apparent, implied, and inherent. Know when an agency relationship exist.

What is general agent with example?

General agent term can refer to an employee who has enough authority to transact legal business of the company entrusted by a principal or to an individual appointed by a life or health insurer to administer its business in a given territory.

What are 5 types of agents?

The five types of agents include: general agent, special agent, subagent, agency coupled with an interest, and servant (or employee).

What are the major types of agents?

There are 3 classes of agents: General agent, Special agent and Mercantile agent.

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