LAW OF AGENCY The law relating to agency in Kenya is contained in the Factors Act 1889 and the common law as modified by the doctrines of equity. Agency may be defined as a legal relationship that exists between a person called the agent is considered by law to represent another known as the principal in such a way as to affect the principal’s legal position in relation to 3rd parties. It has also been defined as a relationship where a party expressly or implied consents that the other should
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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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P3 Advertising Agencies What are advertising agencies? An advertising agency is a service based business dedicated to creating‚ planning‚ and handling advertising for its clients. An ad agency is independent from the client and provides an outside point of view to the effort of selling the client’s products or services. An agency can also handle overall marketing and branding strategies and sales promotions for its clients. Why would a business hire an advertising agency? For a business
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Agency Theory Description Agency theory describes the relationship between principals (shareholders‚ investors and owners) and agents (management). Theoretical discussions in business and academia may be a modern phenomena‚ however the dynamics surrounding agency relationships have been around since the dawn of barter and exchange. Most business relationships are fundamentally agency relationships. In simplistic terms principals have interests and goals to which they have transferred the
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The Children’s Authority believes that promoting positive behaviour is more productive in behaviour management than the use of physical or verbal punishment for challenging behaviours. The use of praise‚ positive feedback to children‚ incentive and reward schemes are all integral to promoting positive behaviour. Praise and positive feedback could be given in many ways. These may include the following: o A quiet word or encouraging smile. o Acknowledgement of positive behaviour in family meetings/get-togethers
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managing diversity‚ written by David A. Thomas and Robin J. Ely‚ demonstrates the various types of diversity management‚ the ways in which they work‚ and how they can possibly have an adverse affect on companies. As stated in this article: Our goal is to help business leaders see what their own approach to diversity currently is and how it may already have influenced their companies’ diversity efforts. Managers can learn to asses whether they need to change their diversity initiatives and how to accomplish
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TWINTECH SUBJECT NAME: BUSINESS LAW SUBJECT CODE: LAW2013 TERMINATION OF AGENCY PREPARED BY: NAME: MOHAMAD AL-HAFIZ BIN SALLEH MATRIC NO.: 10071260 NAME: SITI RAHIMAH BINTI RAZMAN MATRIC NO.: 10071260 NAME: NURUL ASHIKIN BINTI MD. YUSOF MATRIC NO.: 10071260 NAME: KHATIJAH BINTI AHMAD MATRIC NO.: 10071260 NAME: LYANA NADIA BINTI SALAHUDIN MATRIC NO.: 10071260 SEMESTER 4 2011/2012 ABSTRACT An agent’s authority can be terminated at any time. If the trust between the agent and principal
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This paper will explore my philosophy of diversity. Since I live in the United States‚ the paper will focus on the United States’ diversity. In the course‚ ORG6499: Cultural Diversity & Individual Differences we have done multiple discussion journal reflections which relate to diversity. The paper will relate those discussions to my philosophy of diversity. A few of those discussions focused on the United States diversity and it appears that America’s diversity would be pluralistic and Mosaic in nature
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STL 3.6 Equality‚ Diversity and Inclusion 1.1 Identify the current legislation and codes of practice relevant to the promotion of equality and valuing of diversity. There is various legislation and codes of practice relevant to the promotion of equality and valuing of diversity in including: Human Rights Act 1998 – Gives further legal status to the standards on Human Rights that was set out in 1948 with the Universal Declaration of Human Rights. This highlighted the principle that all humans have
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Regulatory Agency Regulatory agencies are put in place to ensure that health care organizations and the providers within them promote safety‚ legal compliance‚ and quality care for patients. Regulating health care is vital because if health care organizations were not required to be accredited patients would not feel safe when seeking health care services. The Joint Commission on Accreditation of Healthcare Organizations otherwise known as JCAHO is a regulatory agency. The JCAHO “conducts periodic
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