1
An agent acts within authority granted by the principal. Authority may be general or limited and should be interpreted according to its object.
2
An agent who knowingly exceeds authority may become personally responsible for resulting loss.
3
The principal is bound by authorized acts lawfully done on his behalf.
4
Self-dealing, secret profit, and divided loyalty require disclosure and may justify rescission or restitution.
5
Agency ends by completion, revocation where lawful, death or incapacity where the nature of the mandate requires it, or other causes recognized by law.
6
An agent must return records, property, and proceeds belonging to the principal.