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Contracts Of Brokerage

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Chapter Summary

This chapter contains 15 articles on contracts of brokerage. Some of the presented articles are: effects of contract of brokerage, burden of expense, duty of preservation, determination of transaction price, broker closing transaction with himself payment of remuneration. When the broker engages in brokerage activities, he may express his independent intent for the benefit of the mandator. If the entrusted things have defects or are perishable or may deteriorate when they are delivered to the broker, the broker may, with the consent of the mandator, dispose of these things; where the broker cannot make prompt contact with the mandator, he may dispose of these things in a reasonable manner. The amount or the standard of the remuneration paid to the broker shall be agreed upon by the mandator and the broker.

Keywords: broker; contracts of brokerage



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