Practice question
Under 1890, may an agent empowered to borrow be the lender at the stated current interest rate?
- Yes.
- No; the article categorically forbids it in every case.
- Only a stranger may ever lend.
- The agent automatically may charge any rate without law.
- The principal must donate every borrowed sum.
Legal references
- Civil Code Articles1649-1652,1663-1668,1870-1875,1890-1893 and1921-1932: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
Answer this question in flashcards to review your response and continue practicing.