Bulk Sales Law and Agency

Question 1

What is the status of a bulk sale if one or more of its requisites are absent?

Answer 1

The sale is void and fraudulent.

Question 2

Bulk Sales Law is also known as?

Answer 2

Act No. 3952

Question 3

Is agency a contract?

Answer 3

Yes

Question 4

What are the characteristics of the representative relations under agency?

Answer 4

Fiduciary and Voluntary

Question 5

Another term for principal.

Answer 5

Mandante

Question 6

Another term for agent

Answer 6

Mandatario

Question 7

What are the kinds of principal?

Question 8

What are the kinds of agent?

Question 9

This is the remedy of last resort.

Answer 9

Accion Pauliana

Question 10

If the agency was without consent, it is?

Answer 10

Involuntary servitude

Question 11

Can agency be gratuitous?

Answer 11

yes

Question 12

If the contract of agency is orally made while the contract of sale is written, what is the status of the contract?

Answer 12

Void

Question 13

If the contract of agency is written while the contract of sale is orally made, what is the status of the contract?

Answer 13

Unenforceable