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Title XV Agency Chapter V Extinction of Agency
Page: 109
Section: 824 - 832
Section 824.- An agent, who makes a contract on behalf of a principal who is, and has his domicile, in a foreign country, is personally liable on the contract although the name of the principal has been disclosed, unless the terms of the contract are inconsistent with his liability.
Section 825.- A principal is not bound by a contract entered into by his agent with a third person, if the contract was entered into by the agent in consideration of any property or other advantage privately given or promised to him by such third person, unless the principal has given his consent.
CHAPTER V
EXTINCTION OF AGENCY
Section 826.- Agency is extinguished by the principal revoking or by the agent renouncing the agency.
It is also extinguished when either of the parties dies or becomes incapacitated or bankrupt, unless the contrary appears from the terms of the agreement or the nature of the business.
Section 827.- The principal may revoke the authority and the agent may renounce the agency at any time.
Except in case of unavoidable necessity, the party, who revokes or renounces the agency at a time which is inconvenient to the other party, is liable to such party for any injury resulting therefrom.
Section 828.- When agency is extinguished by the death of the principal or by the principal becoming incapacitated or bankrupt, the agent must take all reasonable steps to protect the interests entrusted to him until the heirs or representative of the principal can protect such interests.
Section 829.- When agency is extinguished by the death of the agent or the agent becoming incapacitated or bankrupt, the heir or the person having lawful charge of the agent’s estate must notify the principal and take steps to protect the interest of the principal as may be reasonable under the circumstances until the principal can protect such interests.
Section 830.- The causes for extinction of agency, whether arising from the principal or agent, cannot be set up against the other party, until they have been notified to the other party known or are known by the other party.
Section 831.- The extinction of agency cannot be set up against a third person acting in good faith, unless the third person is ignorant of the fact through his own negligence.
Section 832.- On extinction of agency, the principal is entitled to demand the surrender of any written authority given to the agent.