Congressional Edition Volume 5440

Congressional Edition Volume 5440

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909 edition. Excerpt: ... the principal. With reference to a better understanding and application, in a proper case, of the foregoing article, see rule 1 of article 809, articles 810, 850, et seq., of this code, and article 2161 of the law of civil procedure in force In the Peninsula, 2122 of the same code amended for Cuba and Porto Rico, and 2088 of that for the Philippines. Art. 270. An agent can not, without authority from the principal, loan or sell on credit or on time, the principal being permitted in such cases to require cash payment of the agent, leaving him any interest, profit, or advantage which may arise from said credit on time. Art. 271. If an agent, with the due authorization, sells on time, he must so state it in the account or in the communication to the principal, informing him of the names of the purchasers; and should he not do so, the sale shall be considered as made for cash, in so far as the principal is concerned. Abt. 272. If an agent receives for a sale besides the ordinary commission a commission called a guaranty commission, the risks of the collection shall be for his account, being obliged to pay the principal 75270--H. Doc. 1484,60-2, pt 2 26 the products of the sale at the same periods as agreed upon with the purchaser. Art. 273. An agent who does not make the collection of the credits of his principal at the period they are demandable, shall be liable for the losses arising from his omission or delay unless he proves that he at the proper time made use of the legal remedies to recover the payment. Art. 274. An agent who is intrusted with the expedition of merchandise, and who has received orders to insure the same, shall be liable, should he not do so, for the damage said merchandise may suffer, provided the funds necessary for...
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Product details

  • Paperback | 434 pages
  • 189 x 246 x 22mm | 771g
  • United States
  • English
  • black & white illustrations
  • 1236921682
  • 9781236921680