Article 1906
ELI5— what this means for you
Should the commission agent, with authority of the principal, sell on credit, he shall so inform the principal, with a statement of the names of the buyers.
Official text — RA 386
Should the commission agent, with authority of the principal, sell on credit, he shall so inform the principal, with a statement of the names of the buyers. Should he fail to do so, the sale shall be deemed to have been made for cash insofar as the principal is concerned. (n)
Source: lawphil.net (RA 386 as amended)
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