nershipCHAPTER 2 RECONSTITUTION OF A PARTNERSHIP FIRM Partnership is an agreement between the members of a firm for sharing the profits of the business carried on by all or any of them acting for all. Any change in this relationship amounts to reconstitution of the partnership firm. A change in the partnership agreement brings to an end the existing agreement and a new agreement comes into being. This new agreement changes the relationship among the members of the partnership firm. Hence‚ whenever there
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the law of agency lies. (The act of partner binds the firm) However‚ any act of the partner will bind the firm or other partners if its within the partners authority. Authority 1. Actual what is actually stated in the agreement Implied @usual what is normally the authority of a particular partner @ agent. (E.g. within usual authority of an estate agent to receive deposit on behalf of the partnership‚ its considered
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Level 5 Care‚ Leadership & Management. Unit 1 CU2941. 1:1 Review the range of group individuals whose communication needs must be addressed in own job role. In my job role I communicate with many varied groups. On a daily basis communicate with clients and their families in order to deal with any queries or concerns regarding the support we provide. I have frequent communication with external agencies Social Services‚ CPN other support agencies to discuss
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Unit 013: Understand partnership working in Services for children and young people Task A 1. It is important to children that we work in partnership with parents/colleagues/other professionals so the children in the setting receive the best quality of care offered to ensure theirs needs are met. Good relationships between parent/careers colleagues and children are enormously important in the early year’s settings as they benefit everyone especially the children. Good relationships create
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CS204: Professional Presence Unit 1 Overview Understanding Professionalism Success in your chosen career is defined by many factors. As you will see in this course‚ professionalism is one of the key factors in every career. What is professional presence and how do you maintain and develop this presence both in your career and lifestyle? Professionals come in all shapes and sizes and are not recognized just by their attire‚ where they work‚ or the job title they have. It is their attitude and
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1) Explain why strategic management has become crucial in today’s dynamic health care environment. Changes – “Only constant is change” Technological – internet and online banking Social/Cultural – “On Demand” consumer preferences‚ desire for 24 hr service Demographic – Preferences/needs of Baby Boomers vs Generation “Y” Political/Regulatory – Security‚ privacy of financial data Economic – Housing boom‚ housing bust‚ mortgage debacle Competitive – Online-only banks‚ consolidation Customer
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Chapter 10 Quizzes Salta Company installs a manufacturing machine in its factory at the beginning of the year at a cost of $87‚000. The machine’s useful life is estimated to be 5 years‚ or 400‚000 units of product‚ with a $7‚000 salvage value. During its second year‚ the machine produces 84‚500 units of product. Determine the machines’ second year depreciation under the units of production method: Answer: $16‚900 Cost-Salvage Value/Total units of production (87‚000 – 7‚000)/400‚000 = .2 .2
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Consent is a voluntary agreement‚ permission or compliance. During examination of a case of sexual abuse‚ the police need to be informed and consent is a must. Consent for medical examination may be obtained from the child if he/she is more than 12 years of age but if it is not so then from parents or relatives and if they are not available then local guardian such as school teacher. Consent is also required for evidence collection‚ treatment‚ photography‚ police intimation apart from examination
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Commercial Law Agency An agent is determined by law. Determined by the legal implications of what the person does. Must be acting for a principal cannot stand alone. (a)Agent has the legal authority to bind or incur liability for which the principal can be responsible. The primary role of an agent is to negotiate or conclude contracts on behalf of a principal. Actions are treated like that of the principal. Consent can be determined by the Court. (b)Agent is a person who is recognized by law as
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Chapter 1 THE PROBLEM AND ITS BACKGROUND Introduction Juvenile Delinquency has long been a problem of the Philippine society. The deviant behavior of today’s children was greatly disapprove and has become a great concern of the public. Long ago‚ adults committed crimes. They were charged and convicted accordingly but with the changing world come the change in nature of the crime and the doer of the crime. We know children as innocent. They are vulnerable and they need someone to guide
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