Nature of Agency

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Questions and Answers

What is necessary for the creation of an agency according to Article 1868?

  • Performance of acts gratuitously
  • Presence of contractual consideration
  • Agent becoming principal by legal fiction
  • Manifestation of consent between the principal and the agent (correct)

How does the agent become the principal by legal fiction?

  • In acting for the principal, the agent becomes the principal authorized to perform acts on behalf of the principal (correct)
  • By receiving contractual consideration for the acts performed
  • Through gratuitous performance of acts
  • By manifestation of unilateral consent

Is contractual consideration necessary for the creation of an agency?

  • Yes, contractual consideration is essential for the creation of an agency
  • No, consideration is not necessary; the relationship may be created by operation of law (correct)
  • Consideration is necessary only if the principal is acting gratuitously
  • Consideration is necessary only if the agent is acting gratuitously

What is the significance of manifestation of consent between the principal and the agent?

<p>It signifies the intention of both parties to create an agency relationship (C)</p> Signup and view all the answers

What is required for the manifestation of consent in the creation of an agency?

<p>The principal must intend that the agent shall act for him, and the agent must intend to accept the authority and act on it (C)</p> Signup and view all the answers

How must the intention of the parties find expression in the creation of an agency?

<p>In words or conduct between them (D)</p> Signup and view all the answers

What is necessary for the agent to accept the authority in the creation of an agency?

<p>The agent must intend to accept the authority and act on it (A)</p> Signup and view all the answers

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