Agency, Trust, and Partnership Notes

1868
a. Agent may exercise discretionary
powers
Lessee of services ordinarily ministerial
function
b. Agent must comply with the
principal and bound with it
“when a man designates himself as a seller”
in a contract of sale and he alone signs the
contract, he will be regarded as the seller
with resultant liabilities as such” – Bert
Osmena and Associates vs CA
“An agent receives a commission upon
successful conclusion of sale. Broker earns
his pay merely by bringing the buyer and
the seller together, even if no sale
eventually made” – Alfred Hahn vs CA
and BMW