power to sell

power to sell
Authority to sell. Generally speaking, a fiduciary's "power to sell" means the authority given by statute, or by the instrument creating the trust, or the capacity inherent in the functioning of his office, as distinguished from his "right to sell," which is used in the sense of doing that which is proper or correct, in adherence to duty and necessity. Virginia Trust Co. v Evans, 193 Va 425, 69 SE2d 409, 32 ALR2d 769. See powers of sale and exchange.

Ballentine's law dictionary. . 1998.

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