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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2480 |
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U.S., 393 F.3d 76, Lubetzky was appointed as an officer of the corporation, and with the title, he possessed check writing authority. Under agency law and an irrevocable proxy, he would be held accountable for the unpaid taxes. Lubetzky was appointed to act on behalf of the company to pay taxes.
Power of Attorney
A Power of Attorney is a legal instrument that is used to delegate legal authority to another...
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The person who signs a Power of Attorney is called the Principal. The power of Attorney gives legal authority to another person (called an Agent or Attorney-in-Fact) to make property, financial and other legal decisions for the Principal. A Principal can give an Agent broad legal authority, or very limited authority...
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