What type of agent can perform any acts the principal may perform?

The correct answer is Universal Agent. A Universal Agent is granted the broadest level of authority by the principal, allowing them to perform any act that the principal could legally undertake. This type of agent has the capability to act on behalf of the principal in a wide range of matters without needing specific instructions for each action taken.

This extensive authority differentiates the Universal Agent from other types of agents. For example, a Special Agent has authority that is limited to a specific act or transaction, meaning they cannot perform any other activities outside of those explicitly outlined by the principal. Similarly, a General Agent has the authority to act on behalf of the principal in general business activities but does not have the unlimited authority of a Universal Agent. Finally, a Limited Agent operates under specific limitations defined by the principal, further restricting their ability to act as freely as a Universal Agent would.

Understanding these distinctions highlights why the Universal Agent is the agent type that can perform any acts the principal may perform, making them uniquely versatile in agency law.