ATP 1

Contract of agency is perfected by mere consent

• Principal

• Consensual

• Nominate

• Bilateral

As to the manner of its creation, an agency may be

• express

• implied

• absolute

• A or B

Article 1872. Between persons who are absent, the acceptance of the agency cannot be _______ from the silence of the agent

• express

• implied

• absolute

• mutual

An acceptance by which the agent has accepted the agency orally or in writing

• express

• implied

• absolute

• A or B

An instrument granting someone authority to act as agent or attorney-in-fact for the grantor

• Power of attorney

• Power of agency

• Authorization

• Signature

The power of attorney shall continue to be in full force until the notice is rescinded in the same manner which it was given

• Manner of rescission

• Manner of cancellation

• Manner of authorization

• Manner of notice rescission

Article 1875. Agency is presumed to be for a/an          unless there is proof to the contrary

• compensation

  
  

• assignment

• business

• authority

It comprises one or more specific transactions

• General agency
  

• Special agency

• Multiple agency

• Specific agency

A power of attorney that authorizes an agent to transact business for the principal

• General power of attorney

  
  

• Special power of attorney

• either a or b

• neither a nor b

The voluntary relinquishment or abandonment, express or implied of a legal right or advantage

• Appeal

• Arbitration

• Prescription

• Waiver