What is the main characteristic of a mandatary's mandate?

The main characteristic of a mandatary's mandate being specified in a service agreement highlights the formal nature of the relationship involved. A mandate typically outlines the specific duties and responsibilities of the mandatary, as well as the terms under which they operate on behalf of the principal.

Having a service agreement ensures that both parties are clear on their expectations, obligations, and the scope of authority granted. This formal documentation protects the interests of both the mandatary and the principal, providing a framework within which the mandated tasks are to be carried out. It creates a legally binding relationship that helps to minimize misunderstandings or disputes that may arise in the course of fulfilling the mandate.

In contrast, the other options imply more informal or undefined arrangements, which would not adequately represent the structured nature of a mandatary’s role. For instance, while verbal agreements can exist, they lack the clarity and enforceability of a written service agreement. Similarly, mandates that require no legal documentation or are subject to frequent changes would generally lead to ambiguity in roles, responsibilities, and expectations, undermining the purpose of a mandate altogether.