THE NATURE OF AGENCY RELATIONSHIP The need to appoint another person to perform one act or another on one’s behalf assumes greater proportion daily. This is so because of the rapid economic developments that has taken place in the recent years. A party may want to do many things but because of lack of time or expertise‚ he is compelled to appoint another person to act on his behalf and whatever that other person does will be binding on him. The question is: ‘Who is an agent?’ An agent is one who
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BASIC CONSIDERATIONS AND FORMATION Partnership -In the contract: Two or more persons bind themselves to contribute money‚ property‚ or industry to a common fund‚ with the intention of dividing the profit among themselves. -Two or more persons may also form a partnership for the exercise of a profession. (Civil Code of the Philippines‚ Article 1767) -The partnership has a juridical personality separate and distinct from that of each of the partners (Civil Code of the Philippines‚ Article 1768)
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Agency Theory Agency theory is widely used in different companies‚ businesses and organizations Agency Theory is basically about the association between the boss‚ which is the Principal‚ and the worker‚ which is the Agent. A good example for an application of the Agency Theory would be sharecropping‚ where the Principal is the landowner and the Agent is the farmer. Another example for the Agency Theory in a more familiar organizational structure would be the relationship between a company’s shareholders
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educational information material. The health carer should sit down with the patient and inform him or her about the funding help which is available for them. Or the health carer could just give the patient a leaflet or tell the person to do some research on a computer so they can find out the different kinds of support which they could be receiving. If the person doesn’t know how to use a computer‚ the health carer should do the research for him or her and explain things
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P5 - explain two examples of multi-disciplinary working in the health sector P6 – Explain two examples of multi-disciplinary working in health service provision A multidisciplinary team (MDT) is composed of members of staff from different healthcare professionals with specialised skills and expertise. The members collaborate together to make treatment recommendations that facilitate quality patient care‚ they respond and act fast together to clients who require help from more than one kind of
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INTRODUCTION About Shelter Partnership‚ Inc The case is about cost allocation accounting concerns in a non-profit corporation “Shelter Partnership‚ Inc”. The following summaries the key activities undertaken by Shelter and the way these different activities contribute towards the achievement of Shelter’s objective. Approach Before we dive into the case analysis‚ we would like to first discuss the relevant topic‚ which we see as the issue of cost accounting in a non-profit organization (“NPO”)
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Case 5-1 1. How does Miller fit the profile of the average fraud perpetrator? Miller does seem to fit the profile of the average fraud criminal. This is because he worked his way up to gain inside information and trust from his bosses. He spent the money to support his lifestyle which was above his means. He also was not violent and he tried to use the money to pay back the stolen funds from his previous employers. How does he differ? He was different because he owned
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Unit 5 Writing Assignment There are many avenues that the fire service can utilize to reduce the injuries‚ deaths‚ cost and risks that fire poses to firefighters and those in the community. Among these numerous avenues that are at the fire service’s disposal‚ in my opinion‚ the most effective is the presence of fire suppression systems in homes. With that being said‚ I’m in support of requiring the installation of fire sprinklers in homes‚ for while there may be an initial financial hit‚ there are
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PARTNERSHIP CASELAW | | This section of the website provides access to all cases summarised in the Partnership Law Updates which have been issued since January 2000 to date. Therefore this Archive operates as a guide to some of the interesting partnership cases decided in common law jurisdictions in recent years. Special thanks are due to Professor Dick Webb (Emeritus Professor of Law in the University of Auckland) for alerting me to many developments contained in this section and to Dr Keith
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The Pearl Chapters 1-5 Chapter 1 1. In what ways does Steinbeck show the depth of feeling between Kino and Juana? Steinbeck shows the depth of feeling between Kino and Juana by saying that they can communicate with each other without even speaking to each other. They can tell what the other one is feeling just by simple signs such as sighing and facial expressions. 2. Why do you think that no new songs were being added to the old songs of Kino’s people? I think that no new songs were being added
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