Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Which of the following statements is NOT correct? 1 A,B and C inherited one hectare of land and they authorized X in writing to sell

Which of the following statements is NOT correct?

1 A,B and C inherited one hectare of land and they authorized X in writing to sell the land. C can revoke the authority of X without the consent of A and B.

2 P obtained a loan of P100,000.00 from A. P also appointed A as his agent to sell his car and to apply the proceeds of the sale to the loan. The agency in this case, is irrevocable.

3 P authorized A to mortgage his car and A is allowed to appoint a substitute or sub-agent. A appointed X, a notorious incomplete person as his substitute. A shall be responsible for the act of X.

4 X appointed Y as his agent with express prohibition to appoint a substitute. Y appointed W as his substitute and W carried out the agency in a manner favorable to X. The act of W is valid.

explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Principles of Economics

Authors: Tyler Cowen, Alex Tabarrok

3rd edition

978-1429278393

Students also viewed these Law questions