A power of attorney;

a.

is a formal document used to set out the authority of contracting parties

b.

is a formal document used to empower a person to deal on behalf of another

c.

allows a lawyer to make decisions for a client

d.

gives an attorney temporary power to act on behalf of his/her client

A guarantee involves

a.

A debtor and a third party who takes responsibility for the debt

b.

A principal, a debtor, and a third party

c.

A principal and a debtor

d.

A principal and a third party

When a contract for necessaries has been fully performed;

a.

The minor can cancel the contract and return any goods which have been exchanged

b.

The minor will only be able to cancel the contract if the adult consents

c.

The minor will only be able to cancel the contract if he/she can show that he/she was taken advantage of

d.

The minor will not be able to rescind or cancel the contract

A counter offer;

Select one:

a.

Is valid acceptance under some circumstances

b.

Improves upon the initial offer

c.

Is not a valid acceptance

d.

Is always a valid form of acceptance