Civil Transactions Law

1. An agent appointed to purchase a specific thing may not purchase said thing for his own account. The purchase shall be deemed made for the principal’s account, even if the agent declares that the purchase is made for his own account. 2. An agent may not, without the principal’s authorization, purchase for the principal’s account his own property or the property of his ascendants, descendants, or spouse, nor the property of a person the agent, in dealing with such person, would make a gain or avoid a loss. Civil Transactions Law