Article 1919
ELI5— what this means for you
Agency is extinguished by: death of either principal or agent, civil interdiction of the principal or agent, insolvency of either, withdrawal by the agent, revocation by the principal, and accomplishment of the purpose.
Official text — RA 386
Agency is extinguished:
(1) By its revocation;
(2) By the withdrawal of the agent;
(3) By the death, civil interdiction, insanity or insolvency of the principal or of the agent;
(4) By the dissolution of the firm or corporation which entrusted or accepted the agency;
(5) By the accomplishment of the object or purpose of the agency;
(6) By the expiration of the period for which the agency was constituted. (1732a)
Source: lawphil.net (RA 386 as amended)
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