Article 1868
ELI5— what this means for you
Agency: a person (agent) acts in the name and stead of another (principal), with the principal's consent. The agent's acts bind the principal as if the principal did them.
Official text — RA 386
By the contract of agency a person binds himself to render some service or to do something in representation or on behalf of another, with the consent or authority of the latter. (1709a)
Source: lawphil.net (RA 386 as amended)
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