Law of Agency WHAT IS AN AGENCY? Sec 135 of Contract Act‚ agency is the relationships which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others. WHO CAN BECAME A PRINCIPAL OR AGENT? Any person who is 18 years old and above and who is of sound mind may be principal. As between the principal and third persons‚ any person can became an agent. BUT persons of unsound mind and who are below 18 years are not liable towards their
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Running head: WOULD YOU RECOMMEND A FRIEND TO OUR HOSPITAL? 1 David M. Dowling Operations Management I Southwestern College 20 January 2011 Week 3 – The Culture & Quality at Arnold Palmer Hospital Running head: WOULD YOU RECOMMENT A FRIEND TO OUR HOSPITAL? 2 Abstract In this paper I will demonstrate the importance of instilling a culture
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Regulatory Agency: Federal Bureau of Prisons Hannae Warren HCS / 430 March 18‚ 2013 Professor Vanessa Williams Regulatory Agency: Federal Bureau of Prisons Health care is defined as the maintaining and restoration of health by the treatment and prevention of disease especially by trained and licensed professionals in medicine‚ dentistry‚ clinical psychology‚ and public health (Merriam-Webster‚ 2013). Health care is important to every population even those who are incarcerated
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11) Termination of agency | | | 1. | By agreement | | | | | | a. | On the basis that an agency relationship is created by agreement between the principal and the agent‚ such a relationship can also be brought to an end by mutual agreement between the parties‚ either in writing or orally. | | | b. | Termination by agreement may also occur if the agency relationship is terminated pursuant to the provisions of the agency agreement itself. The following situations may
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intension to be used for a particular time frame but many are short lived due to factors such as being ineffective or competition in the market place. ADVERTISING AGENCY An advertising agency is an agency that designs advertisement to call public attention to its clients. | | Following are the departments in an advertising agency:- 1. ACCOUNTS DEPARTMENTIts first function is strategy planning and research. Interpretation of consumers (Target Audience) and advertisement research from the brand’s
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AGENCY PROBLEM OF KFC SUBMITTED TO: BINDU KHANAL (FACULTY‚ APEX MBA) SUBMITTED BY: ASHMITA LAMICHHANE NAMRATA MAINALI SMRITI GAUTAM (PARYA) Introduction to agency problem Agency Problem is an economic‚ political‚ legal and corporate governance concept that aims to explain the difficulties in motivating one party (the agent) to act in the best interests of another party (the principal) instead of in his own interest. A conflict of interest inherent in any relationship
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Regulatory Agency Regulatory agencies are put in place to ensure that health care organizations and the providers within them promote safety‚ legal compliance‚ and quality care for patients. Regulating health care is vital because if health care organizations were not required to be accredited patients would not feel safe when seeking health care services. The Joint Commission on Accreditation of Healthcare Organizations otherwise known as JCAHO is a regulatory agency. The JCAHO “conducts periodic
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company always link their attitude to the their own interest‚ and they would not to try their best to achieve shareholder’s goal. Due to different interests in shareholders and managers‚ the conflicts always exist between them. An agency problem occurs when the interests of stockholders‚ the board of directors‚ and/or the management of the company are not perfectly aligned or when these entities conflict. EXPLAINATION Agency problem is typically caused by two reasons which are asymmetric information
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leadership What is it? Peer leadership is a concept that may be integral to any peer-based intervention and is most often found in peer education programs.1‚2 Peer leadership programs are also used to foster the development of leadership skills within the context of social justice.3 How does it work? Peer leaders are individuals who already possess natural characteristics of leading others and who are nominated to take on a leadership position to carry out a more guiding and facilitating role.1‚2 Peer
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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 C. Party
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