49-1525 Specific Authority for Acquisitions, defined. - Nebraska Statutes

49-1525. Specific Authority for Acquisitions, defined.The short form expression, Specific Authority for Acquisitions, shall mean that the principal generally authorizes and empowers the agent to accept as a gift in part or whole, as compromise payment, satisfaction, or security for a loan, or otherwise, to barter, exchange, or trade, to buy in installments, outright, or otherwise, to claim or demand, to lease, rent, or sublease from any person on oral, written, or other arrangement, to perfect or preserve interest in or title to or otherwise render merchantable or negotiable, to receive, and otherwise to acquire any property. SourceLaws 1988, LB 475, § 25.