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General Power of Attorney
A General Power of Attorney is a legal document which binds two people, the principal and the agent, in a signed agreement. The principal appoints the agent as a general power of attorney. He acts on behalf of the principal as per what is written in the agreement. The agent can either be a person or an organization.
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Limited Power of Attorney
A Limited power of Attorney is a legal document which allows you to authorize someone to act on your behalf. You are the principal and the person you appoint as the attorney is referred to as the agent. In a limited power of attorney, the agent has powers to deal with stocks and real estate transactions on your behalf.
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Revocation of power of attorney
A Revocation of Power of Attorney is a legal agreement that takes away the power of the designated agent, if the principal wants to do so. If the principal feels that the appointed agent is not being able to carry out his or her responsibilities well, then revocation of the power of attorney is to be done.
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Promissory note guarantee
Whenever a person borrows or lends money, he/she should remember to execute a Promissory Note Guaranty. It is important for both the lender and the borrower. It guarantees the payments of the borrower and outlines the loan details.
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