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Moreover, an agency is extinguished, among others, by its revocation (Article 1999, New Civil Code of the Philippines). The principal may revoke the agency at will, and compel the agent to return the document evidencing the agency.
An agency is extinguished by the death of the principal. Any act by the agent subsequent to the principal's death is void ab initio, unless any of the exceptions expressly recognized in Article 1930 and Article 1931 of the Civil Code is applicable.
As the power of the agent to act depends on the will and license of the principal he represents, the power of the agent ceases when the will or permission is withdrawn by the principal. Thus, generally, the agency may be revoked by the principal at will.14
The principal may revoke the agency at will. An agency cannot be revoked if a bilateral contract depends upon it, or if it is the means of fulfilling an obligation already contracted, or if a partner is appointed manager of a partnership in the contract of partnership and his removal from the management is unjustifiable.
Apr 11, 2023 · If the agent had general powers, revocation of the agency does not prejudice third persons who acted in good faith and without knowledge of the revocation. Notice of the revocation in a newspaper of general circulation is a sufficient warning to third persons.
Agency may be express, or implied from the acts of the principal, from his silence or lack of action, or his failure to repudiate the agency, knowing that another person is acting on his behalf without authority. Agency may be oral, unless the law requires a specific form. (1710a) Art. 1870.
Dec 4, 2020 · A contract in which a party agrees to be directly responsible is not an agency contract. The Indian Contract Law stipulates that because the conditions and the actions of the parties are the same, it is not mandatory to provide a formal written agreement in order to establish an agency contract.
