LAW OF AGENCY * Nature and Creation of an Agent * Duties of an Agent to his Principal * Duties of a Principal to his Agent * Termination of Agency Contract NATURE OF AGENCY What is an agency? Section 135 of Contract Act 1950: “Agency is the relationship which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others.” There are two types of agency contracts:- 1. Contract between principal & agent 2. Contract
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Abortion “Ethical or Unethical” In my paper I will argue on why I feel that abortions are unethical and why they should not be allowed. As you are reading this paper I really hope that I don’t start to contradict myself. Let me begin by saying there are several different reasons why abortions should be prohibited. The first reason why I feel that abortions should be prohibited is because of religious laws. The bible says that “thou shall not kill”. By aborting babies we are disobeying god and
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“Unethical Decisions Making is at the For-Front of Corporate Scandals” BUS600: Management Communication with Technology Tools” Sherrie Lewis Altrice Mitchell December 12‚ 2011 Ashford University Individuals make personal decisions about what they believe is right or wrong. These decisions are based on ethics. Ethics are a set of moral principles in values that govern behavior. Like individuals‚ businesses develop ethics to help them determine how to behave(Rue‚ Byers‚ 2007). Business
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In March of 2014 McDonald’s employees in California‚ Michigan and New York sued against the company and many franchise owners‚ stating that they illegally underpaid employees by erasing hours from their timecards‚ not paying the overtime that had been worked‚ and ordering them to work off the clock. In two lawsuits filed in Michigan against the giant fast food chain McDonalds and two Detroit franchise owners‚ employees said that their restaurants gave orders to show up early to work‚ commanded
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To what extent do companies need to make a proactive effort to collect and analyze data possible safety issues? They have to go all the way. I feel safety comes first no matter how much time is going to take you or cost you. They also need to pay attention to all the complaints because that one customer can make the difference instead of getting sued by 100 people. At the same time you are making sure that the customers life is secure and that there are no risks with your products. What mistakes
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INTRODUCTION An agency in general‚ is the relationship between two parties‚ where one is a principal and the other is an agent who represents the principal in transaction with a third party. Agency relationship occur when the principal hire the agent to perform a service on the principal behalf. In common‚ principal will delegate decision making authority to the agent. Agency Theory is concerned with resolving problems that may exist in agency relationship; that is‚ between principals (such as
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Practice what you Preach | Business Ethics ECBA 401-20-0911 | By: Gail E. Campbell For: Dr. Robert Stevens | Practice what you Preach Being ethical can be shaky because the meaning is hard to pin down and the views of many are different. The law often incorporates ethical standards to which most citizens go by is what makes ethics and the law not the same. But laws‚ like feelings‚ can deviate from what is ethical. Even though being ethical is not the same as doing “whatever
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Running head: Unethical Business Practices 1 Unethical Business Practices: A Case Study of the Downfall of Two Major Corporations Sharon Purpuro New Jersey City University Unethical Business Practices 2 Abstract The following pages will tell the story of how two very successful companies met their downfalls at the hands of some very greedy top executives and boards of trustees that chose to look the other way all because of one common denominator
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Agency theory Agency theory identifies the agency relationship where one party‚ the principal‚ delegates work to another party‚ the agent. In the context of a corporation‚ the owners are the principal and the directors are the agent. This model of corporate governance and subsequent research focused on resolving conflicts of interest between corporate management and shareholders (Jensen and Meckling‚ 1976) and has largely adopted an agency theory approach. Key assumption is that the principals and
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subject of Contract-II on the topic titled as ‘Agency of Necessity’ Submitted to: Prof. Owais Hasan Khan Asst. Professor Nirma University 1|Page Submitted by: Dhwani Tanwar 12BAL054 Semester IV DECLARATION The text declared in the project is the outcome of my own efforts and no part of this report has been copied in any unauthorized manner and no part in it has been incorporated without due acknowledgment. Dhwani Tanwar 12BAL054 2|Page Institute of Law Nirma University
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