8 October, 2015
Power of Attorney:
A power of attorney is a written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter, sometimes against the wishes of the other. The person authorizing the other to act is the principal, grantor, or donor.
Legal consequence of the act done by power holder:
Obligation in consequence of anything executed or done by the power holder shall be enforced in such way as it was executed by the power grantor himself.
Consequence of dearth of one of he joint grantor of power:
When grantor of irrevocable power of attorney id more than one any grantor of power dies before the purpose of the power is served, the heirs of he deceased power grantor shall be substituted and shall execute acts in such way as if the power grantor did not die.
Consequence of death of one of joint holder of power:
When holder of irrevocable power of attorney is more than one the power of attorney does not revoke on the death of one of he holder, rather it remains unaffected & in force in the case of remaining living power holder.