What is a “third party”?

As used in this pamphlet, a “third party” is a person or institution with whom the agent has dealings on behalf of the principal. Examples include a bank, a doctor, the buyer of property that the agent is selling for the principal, a broker, or anyone else with whom the agent must deal on behalf of the principal.

Show All Answers

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”?