to be binding to another party. Actual Authority Express Authority ‘An actual authority is a legal relationship between principal and agent created by consensual agreement’ (Lord Diplock). The express grant written in clear terms states Terry is “authorised to enter contracts on LML’s behalf‚ up to a monetary limit of $500‚000”. However‚ the fact that Terry devises a new contract for a price of $1‚400‚000 means he no longer has express authority as an agent to make this contract binding with
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1800s‚ the well known financial services company‚ American Express‚ started out doing nothing more then shipping packages. In that business‚ they learned that "the most important things people needed to ship were money." After slowly progressing for over 100 years‚ they introduced their first charge card. They now have four different cards including the Optima card which is a true credit card‚ allowing people to actually borrow money. American Express has prided themselves on their ability to evolve
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Happiness Express Inc. Strengths: This case right off the bat seemed quite interesting since I never really think about the toy manufacturing industry much. The article really proves the point that in order for a toy manufacturing company to be successful they must be ahead of the game or anticipate what children will like as toys. It’s also important for companies to get merchandise-licensing rights for popular figures‚ such as Mighty Morphin Power Rangers in this case. However‚ the point
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Case Study 1 Hanqing Zhao (Bill) Martin Jiles‚ Executive Director of Express‚ was leading Express for 8 years. He had set up the “can-do” culture and the results-oriented management style to help this company achieved many goals and affect Express in many aspects. Such as the “can-do” attitude played an important role in installing MIRS computer system‚ which was widely refused to use in the country because it was hard to do. However‚ although Jiles had confidence in his culture‚ it seemed that
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fame may arise from great accomplishments‚ while other names become known for the issues for which they stand upon‚ like Rosa Parks‚ Roe and Miranda. For my first paper‚ the event that I felt influenced and changed the foundation and helped structure the American Legal History was the famous 1928 civil case Palsgraf V. Long Island Railroad Co. (248 N.Y. 339; 162 N.E. 99; Courts of Appeals New York (1928) The unique facts of the case created a need for a new application of the generally accepted theory
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Se ingresa el resultado de la pregunta 1. El cual se resuelve con el siguiente enunciado. a. Sheen should stock the optimal stocking quantity in this situation‚ which is 584 newspapers. The expected profit at this stocking quantity is $331.44. b. Q= µ+Φ-1(Cu/(Cu+C0))δ Q=500+ Φ-1(.8/(.2+.8))100 Q=500+(..7881)(100) Q=579 This is off by 5 newspapers from the model given in the spreadsheet‚ which results in a $.03 difference in profits Se ingresa el resultado de la pregunta 1. El cual se resuelve
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Happiness Express Inc. 1. a) The primary audit objectives of confirming a client’s year-end accounts receivable include occurrence and accuracy of realizable value. Auditors would like to make sure that the transaction generating the accounts receivable actually occurs‚ and that the receivables are recorded at accurate value for the current reporting period. Usually they will send accounts receivable confirmations to client’s customers directly. b) The primary audit objectives of performing
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Organizational structures recognized since the prehistoric eras of hunters in tribal organizations through highly royal and clerical power structures to industrial structures and today’s post-industrial structures. Organizational structure involves activities‚ namely coordination‚ supervision‚ and task allocation‚ which were focused towards the achievement of organizational goals. The purpose of this research is to evaluate the statement that “organizational structure reflects and reinforce an unrealistic
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Modes 7.2 W.O.S of Sushi Express in the past 7.3 Choice of Entry Modes 7.4 Entering as W.O.S in UK 8 Conclusion---------------------------------------------------------------- International Buiness Report Sushi Express 爭鮮 1.1 About the Company Sushi Express is also named as Zensen due to the meaning of “Vying for freshness”. The founder of Sushi Express‚ Mr. Chen Chin Chiou‚ opened the first sushi take out shop in Taiwan in 1996. Nowadays‚ not only does Sushi Express become the most famous sushi
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HBS- Airborne Express Background Information Seattle based Airborne Express was the third largest express mail business in the 1990s. The product of two specialist airfreight carriers‚ Airborne Express began operations in 1968 and targeted businesses requiring regular‚ high-volume shipments of urgent items. Airborne maintained low cost operations by focusing on efficiency. We discuss how the express mail industry evolved throughout the 1990s and what Airborne did to remain competitive. How and
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