Page 83 - Important Provisions of The New Civil Code

In the event that one spouse is incapacitated or

otherwise unable to participate in the

administration of the common properties, the

other spouse may assume sole powers of

administration. These powers do not include

disposition or encumbrance without authority

of the court or the written consent of the other

spouse. In the absence of such authority or

consent, the disposition or encumbrance shall

be void. However, the transaction shall be

construed as a continuing offer on the part of

the consenting spouse and the third person,

and may be perfected as a binding contract

upon the acceptance by the other spouse or

authorization by the court before the offer is

withdrawn by either or both offerors. (206a)