Practice question
Principal actually takes over management of the entrusted business and directly deals with third persons in 1924’s setting. Agent says only appointment of a replacement can revoke. Which is correct?
- Replacement is the only possible revocation act.
- The principal can never manage the principal’s own business.
- Only the agent may decide every future transaction.
- The direct-management mode is expressly recognized.
- The business automatically becomes ownerless.
Legal references
- Civil Code Articles1649-1652,1663-1668,1870-1875,1890-1893 and1921-1932: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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