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WebNov 20, 2024 · True or False 1) A minor cannot be appointed as an agent. 2) A principal who causes a third person to believe that another person is the principal's agent can be … WebParents and Unemancipated Minors. In most cases under the Rule, a parent, guardian, or other person acting in loco parentis (collectively, “parent”) is the personal representative of the minor child and can exercise the minor’s rights with respect to protected health information, because the parent usually has the authority to make health care decisions … how to start small scale business in kerala
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WebIf the former minor does not do anything to disaffirm the contract by this point, courts may refuse to void the contract. The minor is found to have “ratified” the contract. Voiding the … WebMay 26, 2024 · Legally, minor children can’t hold assets legally until they’re of age anyway; you can set up a minor trust to hold their assets, which will be managed by a trustee — not the attorney-in-fact. The POA for a child does not affect the parents’ finances. WebFeb 24, 2024 · No, you should avoid naming minor children as life insurance beneficiaries. Instead, name a trust that can be used to fund your child’s needs. By Katherine Murbach & Amanda Shih Edited by Antonio Ruiz-Camacho Reviewed by Maria Filindras Updated February 24, 2024 5 min read Expert reviewed Table of contents 1. how to start small truck business