QUESTION: Explain what agency of necessity is and how it may arise. AUTHOR: KATALILO JOY INTRODUCTION This paper will explain what agency of necessity is and how this agency arises. Agency is the work done by an agent. An agent is a person that has a contractual obligation with a principal to bind the principal to a third party without the agent being party to the contract. The contract then becomes one between the principal and the third party. In lay terms‚ imagine parties A‚ B and
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"According to Maslow..." Psychology 206 Dr. Janolyn Moore ECPI University 6/1/2013 Tiffany N. Turner I will be using objective and subjective data to compare individuals from different upbringings‚ but ended up in similar situations. I will be contrasting the similarities in their goals and the differences in how they attained them. I will compare and contrast‚ who has reached Maslow’s level of "Self Actualization‚" based upon my personal opinions‚ in regards to how their lives turned
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According to Fullan (2001)‚ the more complex society gets‚ the more sophisticated leadership must become. As society evolves‚ so must leadership. Leaders must be able to work under complicated and uncertain circumstances. At its core‚ I believe a great school has a strong leader. Great schools are like winning teams with leaders that have a clear‚ well-defined moral purpose‚ intimate knowledge of the skills of staff and students and an understanding of the change that will need to occur to achieve
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Upon reading the article “The Principal files: Principal Shortage- Why doesn’t anybody want the job?” made for a very interesting read and concerns still arise as to whether the principalship is the career path for me. Throughout the principalship course‚ we had the opportunity to meet three retired principals—which includes the professor. There was a common shared sentiment among them all and that was that being a principal is a highly stressful job. However‚ the amount of stress and how they
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Principals as Instructional Leaders At some level‚ principals always have been instructional leaders—but never before has their role been more prominent. First‚ the accountability movement—No Child Left Behind in particular—thrust principals into the spotlight on academic achievement. Then budget cuts peeled away capacity at both the district and school levels‚ thinning the ranks of assistant superintendents‚ curriculum specialists and assistant principals‚ who shouldered some or most of the
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This case comes under Law of Agency. Agency Law is concerned with any “principal‚ agent and third party” relationship; a relationship in which one person has legal authority to act for another. Agency involves three parties : • Principal – Mr. Smithfield • Agent – U.K. Rail • Third Party – Pig resort/Care Centre Agency relationship may arise in five ways and one them which arise in this case is “Agency Of Necessity” and the requirements are : • Genuine necessity – there was a delay in delivering
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Extinguishment of Agency Modes of extinguishment of agency (A) By Revocation of the Principal 1] Revocation - refers to the act of the principal of terminating the agency at will confidence and representation being the foundation of the contract. The principal may revoke the agency at will‚ and compel the agent to return the document evidencing the agency. (Art. 1920) 2] Who may revoke agency when there are two or more principals. When the power of attorney was granted for a
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The primary advantage of a corporate form of business is that a corporation is a stand-alone entity‚ which means you are not personally liable for the assets and debts of the business. Incorporating protects your personal assets from lawsuits‚ debt collection and other business issues that can arise. The stand-alone entity also separates tax liabilities‚ which is another advantage. This means that the corporation’s taxes are separate from your personal tax liabilities. As a business
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the second wave in the positive theory of accounting‚ focuses among other things on agency theory. What is agency theory? Elaborate the components of agency costs as described by Jensen & Meckling (1976). Answer: Agency theory is based upon the more general contracting theory that the most cost effective form of organizing economic activity is through a firm based structure. Jensen & Meckling describe agency theory is a contract under one party (the principle) engages another party (agent)
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According to Aristotle‚ Form * Is that which disciplines‚ directs and constrains matter. * You are a bit of matter come to existence with various forms that are within. If the form of being triangle makes it possible to have a certain degree‚ then your form should be giving you that kind of necessity. Forms bring you into reality. When form brings discipline‚ structure‚ through time in the universe does it do through discipline. Determinism is whatever is going on is the only way things
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