What type of agent is a universal agent?

A universal agent possesses broad, sweeping powers that allow them to perform any act that the principal could do themselves. This type of agency grants the agent the authority to make decisions and carry out actions across a wide range of situations without constraint to specific tasks or transactions. This is distinct from other agency types, which may be more limited in scope.

For instance, a universal agent can handle various matters on behalf of the principal, including managing properties, entering into contracts, and making financial decisions. This versatility sets universal agents apart, as they are not confined to a singular transaction or a narrowly defined role. Therefore, their capability to act as an extension of the principal makes them invaluable in situations requiring a comprehensive approach to management and decision-making.

In contrast, some options suggest limitations or specific contractual conditions that do not apply to universal agents, as their authority is significantly wider.