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

In a recent ruling, the Supreme Court clarified that the power of attorney is impliedly revoked when the principal acts independently with awareness by the agent and third parties. The case involved a dispute where despite having a power of attorney, the principal conducted transactions independently, which were known to both the agent and external parties. The court emphasized that such actions nullify the authority conferred by the power of attorney, leading to its implied revocation. This decision highlights the importance of clear communication and adherence to legal principles in agency relationships.