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    Atp Notes

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    japinx
    The document discusses exceptions to the general rule of revocation of agency. It provides examples of bilateral contracts where an agency cannot be revoked once entered into, such as an airline agent contract for 5 years or an agent entering a 5-year office lease on behalf of the principal. It also gives an example where a principal pledged a diamond ring to an agent to secure a 100k payment, showing an act that would require a special power of attorney under the 1878 memorandum.

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    Atp Notes

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    japinx
    16 views1 page
    The document discusses exceptions to the general rule of revocation of agency. It provides examples of bilateral contracts where an agency cannot be revoked once entered into, such as an airline agent contract for 5 years or an agent entering a 5-year office lease on behalf of the principal. It also gives an example where a principal pledged a diamond ring to an agent to secure a 100k payment, showing an act that would require a special power of attorney under the 1878 memorandum.

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    The document discusses exceptions to the general rule of revocation of agency. It provides examples of bilateral contracts where an agency cannot be revoked once entered into, such as an airline agent contract for 5 years or an agent entering a 5-year office lease on behalf of the principal. It also gives an example where a principal pledged a diamond ring to an agent to secure a 100k payment, showing an act that would require a special power of attorney under the 1878 memorandum.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as rtf, pdf, or txt
    16 views1 page

    Atp Notes

    Uploaded by

    japinx
    The document discusses exceptions to the general rule of revocation of agency. It provides examples of bilateral contracts where an agency cannot be revoked once entered into, such as an airline agent contract for 5 years or an agent entering a 5-year office lease on behalf of the principal. It also gives an example where a principal pledged a diamond ring to an agent to secure a 100k payment, showing an act that would require a special power of attorney under the 1878 memorandum.

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    of 1

    death of prnicipal

    exceptions - 1930-1931

    revocation
    GR 1919
    exception - 1927
    example: bilateral contract airline xample (agent for 5 years. after contract was entered
    into, you looked for an office space also for a period of 5 years,

    example: you are an agent for a sale of a product, you enter into a contract with
    someoen else for office space in behalf of principal. upon agency contract, it cannot be
    recoked at any time.

    example: (pledge) principal owes agent 100k, to secure payment, principal delivered by
    way of pledge to agent a diamond ring to be sold where proceeds will be applied to
    obligation.

    memorize 1878 - what acts need SPA

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