AJ 010 Lecture Notes - Lecture 14: Ipso Facto, Moe Williams, Fiduciary

• School: Pasadena City College
• Department: Administration of Justice
• Course: AJ 010
• Professor: Gallon

Document Summary

General rule as to death of the principal or agent: By reason of the very nature of the relationship between the principal and the agent (which is fiduciary) agency is distinguished ipso jure upon the death of the principal. If the agency is coupled with an interest; If the act of the agent was executed without the knowledge of the death of the principal and the 3rd person who contracted w/ the agent acted in good faith. Dissolution of a corp extinguishes its juridical existence. As between the parties, the principal and the agent, the fulfillment of the purpose for which the agency was created ipso facto terminates the agency. When an agency is created for a fixed period, the expiration of such period ends the agency, even though the purpose for which the agency was created has not been accomplished. The agency terminates at the end of a reasonable period of time.