ypes and Classification of Agents *Nature and Extent of Authority (UGS) 1.

Universal A- authorized
person to do all acts that the principal may personally do, w/c he can lawfully delegate to another
the power of doing. 2. General A- authorized person to all the business of the principal , or all
business of a particular kind or in a particular place. 3. Special/Particular A- authorized to act in one
or more Specific transactions. Kinds of Special/Particular Agents- (AABFCA) *Attorney at Law-
represents clienta in legal matters or proceedings *Auctioneer- sell property for others to the highest
bidder at a public sale. *Broker- acts as intermediary between to or more other parties suc as
insurance broker and real estate broker. *Factor-(Commission Merchant) receives and sell goods for
a ccommission being entrusted with the possession of goods involved in the transaction. *Cashier in
Bank- represents banking institutions in its financial transactions *Attorney in Fact- given an
authority to do a particular act not of a legal character. Agents of all kind(loose language). An agent
having special authority granted by the principal (strict legal sense) Kinds or Type of Authority
(AAGSA) Authority of an Agent- power to affect the legal relations of the principal by acts done in
accordance with the principal manifestation of consent to him. 1. Actual- actually granted, (express
or implied) *express- conferred by words *implied- incidental to the transaction or reasonably
necessary to accomplish the purpose of the agency 2. Apparent or ostensible- conferred by a
conduct or silence. (Authority by estoppel) 3. General - refers to all the business of the principal
4.Special- limited to only one or more Specific transactions. 5. Authority by necessity- demanded by
virtue of the existence of an emergency. Instances where SPA is necessary 1. To make such payments
as are not usually considered acts of administration 2. To effect novation which puts an end to
obligations already in existence at the time the agency was constituted. 3. To. Compromise Note: in a
compromise the parties make reciprocal concessions to avoid or put an end to litigation. It does not
authorize submission to arbitration. *to submit questions to arbitration Note: Arbitration is an extra-
ordinary method of settlement by referring a dispute to a third person known as arbitrator whose
judgment will substitute that of the agent representing his party principal. *to renounce the right to
appeal from a judgement *to waive objections to the venue of an action *to abandon a prescription
already acquired 4. To waive obligations gratuitously 5. To enter into any contract by which the
ownership of an immovable is transmitted or acquired either gratuitously or for a valuable
considerations 6. To make gifts except; *customary ones for charity *made to employees in the
business managed by an agent. 7. To loan or borrow money, except that no special power of
attorney is required if the borrowing of money is urgent and indispensable for the preservation of
the things which are under administration 8. To lease any real property to another person for more
than a year. 9. To bind the principal to render some service without any compensation 10. To bind
the principal in a contract of partnership 11. To obligate the principal as a guarantor or surety 12. To
create or convey a real rights over immovable property Note: special power to sell excludes the
power to mortgage, whereas the power of mortgage excludes the power to sell. 13. To accept or
repudiate an inherentance 14. To ratify or recognize obligations contracted before the agency 15.
Any other act of strict dominion