2. [ Refer notes - Duties of Agent to Principal ] 3. [ Refer notes - Duties of Principal to his Agent ] 4. 4 remedies available: Principal may repudiate the contract - Section 168 Contracts Act‚ 1950 Principal may recover the bribe from agent - Section 169 Contracts Act‚ 1950 Principal may refuse to pay commission to Agent Principal may dismiss agent for breach of duty 5. [ Refer notes - Termination of Agency ] 6. (a) 3 conditions: It is impossible for the
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Law of Agency – the Contracts Act 1950 Great Northern Railway Co v Swaffield states that where impossible to get principal’s instructions‚ the agent’s action is necessary to prevent loss and the agent has acted in good faith‚ an agency of necessity arises. The Contracts Act 1950 states that an agent has to obey principal’s instructions. The Contracts Act 1950 states that an agent has to be careful‚ diligent and use any skill that he may
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Business Law Tutorial 6 1. Void contract is defined in Section 2(g) of Contracts act‚ 1950 as an agreement which is not enforceable by the law‚ which gives rise to no rights or obligations. Under Section 11 of Contracts Act‚ 1950‚ every person is competent to contract who is of age of majority‚ and who is of sound mind and is not disqualifying from contracting by any law to which he is subject to. The Age of Majority Act‚ 1971 states that the age of majority is 18. The Privy Council in MOhori
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Populations Both Pre- and Post-1950 OR I See Trends in Dead People I. Purpose: Is there a correlation between age of death before 1950 and after 1950 due to underlying factors? Between both sexes before and after 1950 from discriminating factors? What types of factors‚ and why? II. Hypotheses Within death rates and the factors that affect them‚ I hypothesize that death rates of both males and females will be higher in the younger populations before 1950 than after because of the medical
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Consequences of the Korean War * The Korean War never ended‚ and they are still under an armistice to this day. The Korean War is technically not over; all that’s keeping the two sides from going to war again is a cease-fire agreement. * The Korean War brought the US and Russia further apart‚ and the fear of communism would later lead the US to throw itself into Vietnam‚ to avoid another North Korea. * It also brought China into conflict with the US‚ bringing bad feelings between the
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LAW101 Midterm Revision Question 1 - MLS • Explain any SIX (6) sources of law in Malaysia. (30 marks) Answer Constitution Legislation Subsidiary legislation Case law Custom English law Islamic law Question 2 - MLS • In your opinion‚ which is the more important source of law? Give reasons for your answer (20 marks) Answer • Constitution is the most important source of law • All of the most important laws can be found in the constitution • It is the most important source of
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A 1950 Chevy truck can really bring satisfaction‚ especially to vintage truck collectors. However‚ it can also be a real drain on the pocket. The truth about this is that‚ owning a 1950 Chevy truck can sometimes become a complete illusion since this is a hobby truck and not everybody is appropriate with this indulgence‚ financially or for many other reasons. However‚ by following some tips carefully‚ you can surely have the truck that can make any collection stand out. So‚ prepare yourself in
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Undermine Communism - - NSC 68 (April 1950) recommended that the US abandon ’containment’ and start to ’roll back’ Communism. Cold War - Truman and Stalin were in a battle for world domination – Korea was a ‘war at arm’s length’. - Kim Il Sung - got Stalin’s and Mao tse Tung’s agreement to attack South Korea. Syngman Rhee - (1950) – boasted he would attack North Korea – gave an excuse. Events (5 phases) By June 1950 - the NKPA captured most of South
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territory by victory and sets solid foundations for the territory to flourish upon‚ “One‚ however‚ who becomes Prince by favor of the populace‚ must maintain friendship‚ which he will find easy‚ the people asking nothing but not to be oppressed”(Santoni‚ 1950). Machiavelli believes that a good nation with just laws will develop from an efficient military. He is not arguing that you need a war to create a state‚ but rather a successful victory can create a solid foundation of the state. Machiavelli understands
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on behalf of and under the control of the principal. A principal owes certain contractual duties to his/her agent by an agent will serve the principal loyally and with obedient. The principal duties can be found in section 172 of Contracts Act 1950. The acts said that to pay the agent’s commission or other remuneration as agreed between the agent and the principal. Principal main duty is to pay his agent the commission or other remuneration as they have agreed unless the nature of their relationship
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