P.R. Laws tit. 10, § 1548
2019-02-20 00:00:00+00
If an agent, under due authorization, sells on time, he must so state it in the account or in the communication to the principal, informing him of the names of the purchasers; and should he not do so, the sale shall be considered as made for cash, insofar as the principal is concerned.
History —Commerce Code, 1932, § 189.