What is the term for a form of agency where the agent is given power to act for the principal in a broad range of matters?

What is the term for a form of agency where the agent is given power to act for the principal in a broad range of matters?

• A. Special Agency
• B. General Agency
• C. Universal Agency
• D. Limited Agency

Answer: (C)

Universal agency is the broadest form of agency, where the agent can act for the principal in essentially all matters the principal could legally handle. This allows the agent to bind the principal in a wide range of personal and business decisions, not just a single task or a narrowly defined area. This differs from special agency, which covers only one transaction or act, and from general agency, which covers all acts within a particular business or field. Because the description specifies power to act across a broad range of matters, universal agency is the best fit.

Universal agency is the broadest form of agency, where the agent can act for the principal in essentially all matters the principal could legally handle. This allows the agent to bind the principal in a wide range of personal and business decisions, not just a single task or a narrowly defined area. This differs from special agency, which covers only one transaction or act, and from general agency, which covers all acts within a particular business or field. Because the description specifies power to act across a broad range of matters, universal agency is the best fit.