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Questions

What is the legal consequence if a third party has dealt with an agent without knowledge of the revocation of the mandate?

The third party is considered liable for damages caused
The third party may disregard the revocation and deal normally with the agent
The mandate is deemed void from the moment of revocation
The third party must verify with the principal before any transaction

What is the agent's primary obligation under Article 1991 of the Civil Code?

Report on their management
Execute the mandate in accordance with the instructions
Pay the agreed remuneration
Reimburse advances made

Under Article 1989 of the Civil Code, may the agent perform actions not provided for in the mandate?

Yes, if it is in the principal's interest
No, except with subsequent express agreement
Yes, if it is common practice in the sector
No, never under any circumstances

Under Article 1984 of the Civil Code, a mandate is formed by:

The principal's signature only
The agent's acceptance
A verbal agreement between the parties
A unilateral decision by the principal

The management fee remains due on a pro rata temporis basis even after the termination of a portfolio management mandate.

True
False

The agent may carry out leveraged transactions without the principal's express consent within a portfolio management mandate.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Execute the mandate in accordance with the instructions
Reimburse the agent's advances and expenses
Report on their management
Pay the agreed remuneration
Categories:

Principal's obligations

Agent's obligations

Agent's duty of loyalty

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