Practice question
May an agent authorized to lend at interest borrow that money without principal consent under 1890?
- Yes; lending authority automatically includes unrestricted self-borrowing.
- No.
- Only the agent’s private preference matters.
- Every loan is necessarily a gift.
- The principal can never consent.
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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