What is a “principal”?

The “principal” is the maker of the power of attorney – the person who is delegating authority to another. This is the person who is allowing someone else to act on his or her behalf.

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1. What is a power of attorney?
2. What are some uses of a power of attorney?
3. Where may a person obtain a power of attorney?
4. Does a power of attorney need witnesses or a notary?
5. What is a “principal”?
6. What is an “agent”?
7. What is a “third party”?