The mandatary is liable for the person he has substituted in the management: 1° when he has not received the power to substitute anyone; 2° when this power has been conferred on him without the designation of a person, and the person he has chosen was notoriously incapable or insolvent. In all cases, the principal may act directly against the person whom the agent has substituted.
When there are several proxies or agents established by the same deed, there is solidarity between them only insofar as it is expressed.
The agent shall owe interest on the sums which he has employed for his use from the date of such employment; and on those of which he is in arrears from the day on which he is put in default.
An agent who has given the party with whom he contracts in that capacity sufficient knowledge of his powers is not bound by any guarantee for what has been done beyond that, if he has not personally submitted to it.
The principal is bound to perform the commitments entered into by the agent, in accordance with the authority given to him. He is only bound by what may have been done beyond that, insofar as he has ratified it expressly or tacitly.
The principal must reimburse the agent for the advances and expenses made by the latter for the execution of the mandate, and pay the agent his salaries when they have been promised. If there is no fault attributable to the agent, the principal cannot dispense with making these reimbursements and payments, even if the business would not have been successful, nor can he have the amount of the expenses and…
The principal must also indemnify the agent for losses incurred by the agent in the course of its management, without imprudence attributable to the agent.
Interest on advances made by the agent is due to him from the principal, from the date of the recorded advances.
Where the agent has been constituted by several persons for a common business, each of them is jointly and severally liable to the agent for all the effects of the mandate.
The mandate ends: By the revocation of the mandatary, By the latter’s renunciation of the mandate, By the death, guardianship of adults or the insolvency of either the principal or the mandatary. The mandate is terminated by the death, guardianship of adults or the insolvency of either the principal or the mandatary.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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