Practice question
An agent empowered to lend at interest lends the principal’s funds to herself without consent and cites 1890’s first borrowing-agency sentence. Which is best?
- The first sentence necessarily erases the second.
- Distinguish the two authority directions; the consent restriction for lending-agency self-borrowing applies.
- Every agency to lend is identical to agency to borrow.
- Only the interest amount determines whether consent exists.
- No principal can ever impose lending instructions.
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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