People Say The Darndest Thaings:
Q. What is an irrevocable general Power of Attorney?
A. Don’t know, because a general POA cannot be made irrevocable.
Q. Then why do you describe your Power of Attorney as irrevocable?
A. Because our POA is attached with a security interest, which can be made irrevocable, and beside, none knows the difference or seems to care.
Q. What interest was attached to this POA when it was signed?
A. Oh, our interest was in misrepresenting to the Principal they had no way out of the Contract.
Q. You’re telling me that the Principal actually believes they cannot revoke a general POA; a POA so all encompassing that the Civil Code and Probate Code are needed to interpret it?
A. They are used car dealers, not economists or legal scholars. Heck, Hank’s Used Cars can’t figure out we owe them a fiduciary duty, so why worry about some ignoramus reading the Civil Code, let alone the Probate Code.
Q. You don’t seem much worried about this boilerplate Power of Attorney. No fear that it may come back to haunt you?
A. Are you kidding? If we believe old Hank might be looking too hard at us, it’ll be the Penal Code he will be staring at next.
Q. How do you explain that your general POA is not irrevocable?
A. Solved that. We just say that it is a springing POA, you know, the type sprung like a trap to ensnare its prey.
Q. What's next?
A. Not sure. We just know that we are the "new" smartest guys in the room.