Power Of Attorney Impliedly Revoked When Principal Acts Independent Of Agency With Knowledge To Agent & Third Parties

The Supreme Court held that a power of attorney (PoA) is impliedly revoked when the principal acts independently with knowledge of the agent and third parties. This ruling emphasizes that actions inconsistent with the PoA's scope can revoke it implicitly, even without explicit revocation. The case underscores the importance of clear communication and adherence to PoA terms to maintain validity. This decision impacts legal interpretations concerning agency relationships and PoA usage in various transactions.