Statement I: Every stipulation exempting the agent from the obligation to render an account is void. Statement II: All acts of the sub-agent appointed against the prohibition of the principal is void.

A. Only Statement I is true.

B. Only Statement II is true.

C. Both statements are true.

D. Both statements are false.

Statement I: The power to compromise does not include the power to submit to arbitration. Statement II: The power to sell includes the power to mortgage. Statement III: The power to mortgage includes the power to enter into a 2nd mortgage

A. Only Statement I is true.

B. Only Statement II is true.

C. Only Statement III is true.

D.Both statements are false.

E. Both statements are true.

Statement I: While services may be the object in a contract, this excludes contracts of sale. Statement II: An assignment of a credit, right or action produces no effect as against third person unless it appears in a public instrument

A.Only Statement I is true.

B. Only Statement II is true.

C.Both statements are true.

D. Both statements are false.

Statement I: The Doctrine of Agency by Necessity states that by virtue of the existence of an emergency, the authority of an agent is correspondingly enlarged in order to cope with the exigencies or necessities of the moment. Statement II: An agent must be armed with a special power of attorney if he waives an obligation gratuitously.

A. Only Statement I is true.

B. Only Statement II is true.

C. Both statements are true.

D. Both statements are false.

Statement I: Personal acts can be done through an agent because the general rule is that what a man may do in person, he may do thru another. Statement II: Between persons who are present, the acceptance of the agency may also be implied if the principal delivers his power of attorney to the agent and the latter receives it without any objection

A. Only Statement I is true.

B. Only Statement II is true.

C. Both statements are true.

D. Both statements are false.

Statement I: Assignment of credits is unilateral, gratuitous and innominate. Statement II: The consent of the debtor to the assignment of credit is not required.

A. Only Statement I is true.

B. Only Statement II is true.

C. Both statements are true.

D. Both statements are false.

Statement I: Debtor's consent is required before credit is assigned. Statement II: A gratuitous assignment is in the nature of a donation.

A. Only Statement I is true.

B. Only Statement II is true.

C.Both statements are true.

D. Both statements are false.

Statement I: Commission del credere is the compensation of a factor agent. Statement II: An agent acting with authority and in his principal's name may be liable if he personally bound himself as to such act or transaction.

A.Only Statement I is true.

B. Only Statement II is true.

C.Both statements are true.

D. Both statements are false

Statement I: Instructions contemplate only private rules of guidance to the agent and are independent and distinct from the agent's authority. Statement II: The liability of the agent for either fraud or negligence shall be judged according to whether the agency was or was not for compensation.

A. Only Statement I is true.

B. Only Statement II is true.

C. Both statements are true.

D.Both statements are false.

Statement I: A special power of attorney is an instrument in writing by which one person appoints another as his agent and confers upon him all authority to act on his behalf. Statement II: In both agency by estoppel and implied agency, there is intention to create an agency and the agent acquires all rights and liabilities of a duly appointed agent

A. Only Statement I is true.

B. Only Statement II is true.

C. Both statements are true.

D. Both statements are false.