AGENCY

NATURE FORM AND KINDS

PROBLEM # 1

James binds himself to represent

Bang in all of the latters business
dealings in London, without
compensation.

Is there a Contract of Agency?

What are the Characteristics of
the Contract of Agency?
What are the Elements of the
Contract of Agency?
What are the Purposes of the
Contract of Agency?
PROBLEM # 2

If James is a minor, can he be an

agent? How About Bang, can she
be a principal if she is minor? How
about if James is insane?
Can all acts be delegated to an
Agent?
Partnership VS Agency
Partnership VS Agency
 TRUE OR FALSE

Agency may be express or

implied, and may be oral as well.
 TRUE OR FALSE

As to Authority conferred, agency

may be general or special.
 Difference between General
Agency and Agency Couched in
General Terms
 Difference between General
Agency and Agency Couched in
General Terms
 TRUE OR FALSE

Acceptance of the Agent must be

express
PROBLEM # 3
James sent his power of Attorney
to Bangs residence. Bang
received and read the letter, but
did not reply to James.

Is there an implied Contract of

Agency?
PROBLEM # 3

In what cases will there be an

implied Contract of Agency?
 Explain the Rule on
Communication of Existence of
Agency and the Manner by which
they are revoked.
When is SPA Necessary?
 TRUE OR FALSE

A special power to sell includes

the power to mortgage; and a
special power to mortgage does
not include the power to sell.
 TRUE OR FALSE

A special power to compromise

does not authorize submission to
arbitration.
When is the Principal bound by
the acts of the Agent?
 When is the Principal bound by
the acts of the Agent beyond his
powers?
PROBLEM # 5
James instructed Bang to sell his
Car for P1M. Bang Sold to Sev the
car for P1.5M, but in her own
name. Later on, Sev discovered
that there is hidden defects in the
car.
Is James Liable to Sev?