Question
1. AasprincipalappointedBashisagentgrantinghimgeneraland unlimited management over A's properties, stating that A withholds no power from B and thatthe agent may execute such acts as he may
1. AasprincipalappointedBashisagentgrantinghimgeneraland unlimited management over A's properties, stating that A withholds no power from B and thatthe agent may execute such acts as he may consider appropriate.
Accordingly, B leased A's parcel of land in Manila to C for four (4) years at P60,000.00 per year, payable annually in advance.
B leased another parcel of land of A in Caloocan City to D without a fixed term at P3,000.00 per month payable monthly.
B sold to E a third parcel of land belonging to A located in Quezon City for three (3) times the price that was listed in the inventory by A to B.
All those contracts were executed by B while A was confined due to illness in the Makati Medical Center. Rule on the validity and binding effect of each of the above contracts upon A the principal. Explain your answers.
2,PrimeRealtyCorporationappointedNestortheexclusiveagent in the sale of lots of its newly developed subdivision. Prime Realty told Nestor that he could not collect or receive payments from the buyers. Nestor was able to sell ten lots to Jesus and to collect the down payments for said lots. He did not turn over the collections to Prime Realty. Who shall bear the loss for Nestor's defalcation, Prime Realty or Jesus?
3.Statingbrieflythethesistosupportyouranswertoeachofthe following cases, will the death - (c) of an agent end an agency?
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