Cathy acts as agent for Barbara in the managing of her financial portfolio.On a day that Cathy was to meet with a stockbroker to make decisions with respect to Barbara's stock holdings, she came down with a serious flu that kept her in bed all day.Rather than postpone the meeting (which could have resulted in Barbara missing out on a lucrative new stock purchase), Cathy sent Cleo to the meeting on her behalf.

On the facts presented, Cathy has executed her duties as agent properly.

True or False