principal and the agent. An agency can be created in three types of ways‚ 1. Express agreement‚ whether oral or written‚ 2. Implication‚ based on the custom or practice of the trade‚ or 3. Conduct of the principal. Creation of agency is essential to commercial and financial transactions‚ because and organization can function only through it’s agents. Creation of Agency An agency relationship can arise by agreement‚ necessity‚ ratification and estoppel. By Agreement: Express Authority:
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As long as I can remember‚ airplanes‚ airports and flying‚ has always fascinated me. During my childhood‚ we lived on the top floor of a high-rise building located directly on the Pearson Airport’s landing and take off flight path. I use to spend countless hours just gazing the sky watching airplanes. When I was old enough to operate a pc‚ the MS Flight Simulator was my favorite game that helped me learn and understand the various features of a cockpit and how to takeoff and land a plane. I had decided
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R.J.‚ & Green‚ G.‚ (1992). Introduction to security (5th ed). Boston: Butterworth Heinemann. Gardiner‚ D.‚ & McGlone‚ F.‚ (1998). Outline of torts (2nd ed). Chatswood‚ NSW: Butterworth. Gibson‚ A.‚ & Rigby‚ S.‚ & Ryan‚ H.‚ & Tamsitt‚ G. (2001). Commercial law in principal. Pyrmont‚ NSW: Lawbook Co Gillies‚ P.‚ (1990). Criminal law (2nd ed). North Ryde‚ NSW: The Law Book Company Limited. Purpura‚ P.P.‚ (1998). Security and loss prevention (3rd ed). Boston: Butterworth Heinemann.
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Commercial Life in Pompeii and Herculaneum Historians have debated the nature of Pompeian economy – whether it was based on agriculture or trade. Some see the Roman empire in modern terms as one vast single market where demand drove up prices and productivity stimulated trade to a never before seen level (residue of pollution can be found in Greenland’s ice-cap and the many ship wrecks indicating the large volume of sea borne traffic). Other historians see Roman economy as ‘primitive’ based primarily
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1. Cash equivalents are short term investments that are converted into cash. Examples include money market funds‚ U.S. Treasury bills‚ and high-grade commercial paper. These items are combined with cash for the purpose of a balance sheet because cash equivalents are so similar to cash that they are combined. The cash equivalents are very safe‚ have a market value‚ and mature in 90 days of the date of acquisition. If they do not meet these requirements‚ they are to be listed as Marketable Securities
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Review‚ 16‚ 1–24. 13. Lam‚ S. S. (1995). Assessing the validity of SERVQUAL: An empirical analysis in Hong Kong. Asia Pacific Journal of Quality Management‚ 4‚ 33–41. 14. Brahmanandan‚ G.N. and Narayana‚ M.S. (1990) ‘A Study on Customer Service in Commercial Banks’‚ Indian Journal of Marketing‚ 20: 5‚ 7-8 and 16. 15. Elias‚ A 16. Nageswar‚ R. and Pramod‚ P. (1990) ‘Customer Services and Banks’‚ Yojna‚ 34:13‚ 15- 22. 17. Mushtaq A. Bhat (2004) ‘What Makes a Quality Service in Banks: Customer Speaks
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living exploiting the sea‚ but chose to do similar work as a corporate executive. Although I have no siblings‚ my hometown contains over fifty family members‚ and our agenda of family activities is always packed. Most of my family is employed in the commercial fishing industry‚ which instilled in me at a very young age‚ the concept of work. At age eleven‚ I started babysitting and mowing lawns‚ and at the age of fifteen I applied for my lobster license. The first summer with my license‚ I took a job as
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for $490 would take delivery 7 days later. HERE THERE IS AN OFFER AND ACCEPTANCE... AGREEMENT IS PRESENT... IS THERE CONSIDERATION? YES‚ EXECUTORY. THERE IS AN EXCHANGE OF PROMISES... A BENEFIT FOR BOTH PARTIES – THERE IS ALSO INTENTION AS IT IS A COMMERCIAL AGREEMENT – EDWARTD V SKYWAYS - When Dim came to pay and collect the oven 7 days later‚ Siti refused to hand over the oven telling hthat the price was now $550. Dim called Siti a cheat and wants to sue her. SITI IS IN BREACH OF CONTRACT Advise
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Commercial Law Questions 1 What is meant by the terms "void" and "Voidable"- give examples quoting relevant case law. Void = is where there is no contract and never did exist in the first place‚ and a third party has no rights at all under a void contract. Case law: J Loudon & Co v Elder’s Curator Bonis. Voidable = is where a contract is valid until the court sets it aside‚ and a third party has good title if contracted before the contract being set aside or reduced by the courts. (The timing
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Instrument based: Section 13 gives definition of NI B/E‚ Pro Note and Cheque - For DD it is applicable - Not App on share certificate - Not App on share warrant - Not App on Document of title - Not App on Currency note - Not App on Bonds/Commercial papers/ T Bills/ FDs - App on Hundi (traditional instruments) Local rules are applicable‚ if not then NI Act is applicable Two amendments have been made since 1881 o Cheque Truncation : Section 143 Cheque made electronic o Cheque
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