AGENCY
AGENCY
DEFINITION
Consensual
Principal
Nominate
Unilateral – if gratuitous / Bilateral – if for
compensation.
Preparatory
Agency is presumed to be for a compensation,
unless there is proof to the contrary. (1875)
Essential elements of agency
He must also finish the business already begun on the death of the
principal, should delay entail any danger. (1884)
• To render an account
OBLIGATIONS OF THE AGENT
• To pay interest
The principal is not liable for the expenses incurred by the agent in
the following cases: (1918)
Revocation
The expiration of the period for which the agency was constituted.
(1732a)
END
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