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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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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tagline and the ad both call for spreading happiness which results in strong positive branding. * The ad has a catchy jingle. When someone recalls the jingle‚ he /she will instantly recall the coca cola brand as well. * The ad is short and concise‚ providing necessary information about the price of the product and the volume of soft drink found in a standard bottle. * The advertisement asks us to spread happiness to others by sharing a coca cola with them. Thus the ad is successful in
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3 Different PSA’s or Commercials The commercial “The force” that was made by Volkswagen is a creative funny commercial that was played on the Super bowl. During the commercial‚ a young little boy wearing a Darth Vader costume‚ without the gloves‚ walks around his suburban home attempting to use the Force on various household items‚ including a washing machine‚ exercise bicycle‚ dog‚ baby doll and sandwich. He opens his hands and tries to move the items‚ but has no success and grows increasingly
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depressions * Instead lead to smaller fluctuations – recessions * The AS/AD Model – aggregate supply/aggregate demand * Is a pedagogical model – designed to give a framework to organize thinking about macro economy * Does not focus on problems that occur because of interactions between individuals * Consists of 3 curves * Short-run aggregate supply (SAS) curve * Aggregate demand (AD) curve * Long-run aggregate supply (LAS) curve – highest sustainable
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into a unforgettable experience. This commercial is a funny and entertaining‚ and will get the attention of any mother or person who have experienced an ultrasound. Doritos brand wanted to give people something funny that could be remembered anytime you see a dorito chip. In a short amount of time this ad gets you to think about the chip and want to go out and “crunch” on a dorito because it’s delicious flavor even goes into the womb. The audience in this ad can be from parents to anyone who have
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No time for this To establish that an advertisement is false‚ a plaintiff must prove five things: (1) a false statement of fact has been made about the advertiser’s own or another person’s goods‚ services‚ or commercial activity; (2) the statement either deceives or has the potential to deceive a substantial portion of its targeted audience; (3) the deception is also likely to affect the purchasing decisions of its audience; (4) the advertising involves goods or services in interstate commerce;
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out when required‚ makes loans at interest exchanges currency etc. however to understand the concept in detail we need to see some of its definitions. Many economists have tried to give different meanings of the term bank. Nature of Commercial Banks Commercial banks are an organisation which normally performs certain financial transactions. It performs the twin task of accepting deposits from members of public and make advances to needy and worthy people form the society. When banks accept deposits
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that payment to make after 30 days of the delivery. In a commercial contract‚ the time of delivery is normally of the essence. If‚ the date is stipulated and if the buyer fails to give the payment that is a breach of condition. Therefore‚ the seller is entitled to repudiate the contract and sue for payment. In Hartley v Haymans [ 1902] 3 K. B. 475 the court was held that the time of delivery is a prima facie of the essence in commercial law. In Charles Rickards Ltd v Oenheim [ 1950] 1 K. B. 616
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The Effectiveness of Pro-market Reforms‚ Ownership Structure and The Institutional framework at Addressing the Agency Problem and how Different Types of Firms in Transition Economies are affected by these measures. As economies grow‚ in order for businesses to retain market shares‚ they can no longer rely on organic growth‚ many seek external finance either through initial public offerings or through banks‚ mutual funds and insurance companies. Although there are many side benefits of pursuing
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