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- In what Cases do you Need a Special Power of Attorney? | 23 February 2024
In what Cases do you Need a Special Power of Attorney? | 23 February 2024
A Special Power of Attorney is necessary in some cases
In What Cases Do You Need a Special Power of Attorney?
A Special Power of Attorney is necessary in the following cases:
1) To make such payments as are not usually considered as acts of administration;
2) To effect novations which put an end to obligations already in existence at the time the agency was constituted;
3) To compromise, to submit questions to arbitration, to renounce the right to appeal from a judgment, to waive objections to the venue of an action or to abandon a prescription already acquired;
4) To waive any obligation gratuitously;
5) To enter into any contract by which the ownership of an immovable is transmitted or acquired either gratuitously or for a valuable consideration;
6) To make gifts, except customary ones for charity or those made to employees in the business managed by the agent;
7) To loan or borrow money, unless the latter act be 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 one year;
9) To bind the principal to render some service without 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 real rights over immovable property;
13) To accept or repudiate an inheritance;
14) To ratify or recognize obligations contracted before the agency;
15) Any other act of strict dominion.
(Article 1878 of the New Civil Code of the Philippines)
Why choose ALBURO LAW?
Alburo Alburo & Associates Law Offices:
• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.
• Observe high standards of excellence.
• Always consider innovative approaches to effectively address the legal concerns of our clients, covering a wide range of industries such as food, manufacturing, chemicals, real estate, retail and wholesale trade, and services in fields such as information technology, human resources, security, training, process outsourcing and other manpower services, among many others.
Contact us: 09778050020 | 09778050015 | (02) 7745-4391
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