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Article 1907

RA 386 · Civil Code of the Philippines

ELI5— what this means for you

Should the commission agent receive on a sale, in addition to the ordinary commission, another called a guarantee commission, he shall bear the risk of collection and shall pay the principal the proceeds of the sale on...

Official text — RA 386

Should the commission agent receive on a sale, in addition to the ordinary commission, another called a guarantee commission, he shall bear the risk of collection and shall pay the principal the proceeds of the sale on the same terms agreed upon with the purchaser. (n)

Source: lawphil.net (RA 386 as amended)

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