Difference Between Gpa And Spa.pdf

Difference between GPA and SPA GPA Comprises all the business of the principal. (Art. 1876)

SPA One or more specific transactions. (Art. 1876)

Under Art. 1877. An agency couched in Limited transactions. GENEAL terms comprises only acts of administration, even if the principal should state that he withholds no power or that the agent may execute such acts as he may consider appropriate, or even though the agency should authorize a general and unlimited management.

LIMITATIONS 1) Art. 1879. A special power to sell excludes the power to mortgage; 2) and a special power to mortgage does not include the power to sell. 3) Art. 1880. A special power to compromise does not authorize submission to arbitration. NOTE: The agent should act within the scope of his authority. Extinguishment thru revocation: 1920. The principal may revoke the agency at will, and compel the agent to return the document evidencing the agency. Such revocation may be express or implied. 1921-1922. Shall not prejudice third persons. 1923. Appointment of a new agent for the same business transaction revokes the previous agency from the day on which notice thereof was given to the former agent. 1924. Revoked is the principal directly manages the business entrusted to the agent, dealing with third persons. A GPA is revoked by a special one granted to another agent.