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    Article 1890-1891

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    Dennis Dwane Macanas
    The document discusses an agent's obligations under Article 1890 of the Civil Code. It states that if an agent has been authorized to borrow money, they may act as the lender themselves and charge the current interest rate. However, if they have been authorized to lend money and charge interest, they cannot borrow the money themselves without consent from the principal. It also notes that any agent is required to provide an accounting of their transactions and deliver anything received through the agency to the principal, even if it is not owed to the principal directly. Any stipulation exempting an agent from the obligation to provide an accounting is void.

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    Article 1890-1891

    Uploaded by

    Dennis Dwane Macanas
    124 views5 pages
    The document discusses an agent's obligations under Article 1890 of the Civil Code. It states that if an agent has been authorized to borrow money, they may act as the lender themselves and charge the current interest rate. However, if they have been authorized to lend money and charge interest, they cannot borrow the money themselves without consent from the principal. It also notes that any agent is required to provide an accounting of their transactions and deliver anything received through the agency to the principal, even if it is not owed to the principal directly. Any stipulation exempting an agent from the obligation to provide an accounting is void.

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    The document discusses an agent's obligations under Article 1890 of the Civil Code. It states that if an agent has been authorized to borrow money, they may act as the lender themselves and charge the current interest rate. However, if they have been authorized to lend money and charge interest, they cannot borrow the money themselves without consent from the principal. It also notes that any agent is required to provide an accounting of their transactions and deliver anything received through the agency to the principal, even if it is not owed to the principal directly. Any stipulation exempting an agent from the obligation to provide an accounting is void.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    124 views5 pages

    Article 1890-1891

    Uploaded by

    Dennis Dwane Macanas
    The document discusses an agent's obligations under Article 1890 of the Civil Code. It states that if an agent has been authorized to borrow money, they may act as the lender themselves and charge the current interest rate. However, if they have been authorized to lend money and charge interest, they cannot borrow the money themselves without consent from the principal. It also notes that any agent is required to provide an accounting of their transactions and deliver anything received through the agency to the principal, even if it is not owed to the principal directly. Any stipulation exempting an agent from the obligation to provide an accounting is void.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 5

    Article 1890.

    If the agent has been empowered to borrow


    money, he may himself be the lender at the current rate
    of interest. If he has been authorized to lend money at
    interest, he cannot borrow it without the consent of the
    principal.
    If empowered to borrow…
    If empowered to lend…
    What happens when the agent
    violates his obligation under this
    Article 1890?
    ART. 1891. Every agent is bound to render an account of his transactions and to deliver to the principal whatever
    he may have received by virtue of the agency, even though it may not be owing to the principal. 

    Every stipulation exempting the agent from the obligation to render an account shall be void.

    1.Accounting
    2.Obligation of Agent to Render Account
    • Source of Profits
    • Secret profit
    3.Stipulation Exempting the Agent from Obligation to Account is Void
    4.Liability to conversion
    5.When obligation to account not applicable
    6.Nature of agent’s possession of goods or proceeds received in agency
    • Distinguished from possession of servant or messenger
    • Distinguished from possession of teller of bank

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