y March 2001 Agency Law and Contract Formation ISSN 1045-6333 AGENCY LAW AND CONTRACT FORMATION Eric Rasmusen Discussion Paper No. 323 05/2001 Harvard Law School Cambridge‚ MA 02138 The Center for Law‚ Economics‚ and Business is supported by a grant from the John M. Olin Foundation. This paper can be downloaded without charge from: The Harvard John M. Olin Discussion Paper Series: http://www.law.harvard.edu/programs/olin_center/ March 2001 Agency Law and Contract Formation
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The threat has reached the point that given enough time‚ motivation‚ and funding‚ a determined adversary will likely be able to penetrate any system that is accessible directly from the Internet. It is difficult to state with confidence that our critical infrastructure—the backbone of our country’s economic prosperity‚ national security‚ and public health—will remain unscathed and always be available when needed. The recent security breach by unauthorized intruders into the parent company of NASDAQ
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LAW OF AGENCY The law relating to agency in Kenya is contained in the Factors Act 1889 and the common law as modified by the doctrines of equity. Agency may be defined as a legal relationship that exists between a person called the agent is considered by law to represent another known as the principal in such a way as to affect the principal’s legal position in relation to 3rd parties. It has also been defined as a relationship where a party expressly or implied consents that the other should
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THE NATURE OF AGENCY RELATIONSHIP The need to appoint another person to perform one act or another on one’s behalf assumes greater proportion daily. This is so because of the rapid economic developments that has taken place in the recent years. A party may want to do many things but because of lack of time or expertise‚ he is compelled to appoint another person to act on his behalf and whatever that other person does will be binding on him. The question is: ‘Who is an agent?’ An agent is one who
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Local and State law enforcement agencies have many duties‚ functions‚ and responsibilities. Most people think that all law enforcement agencies are the same. They do have similarities‚ but also have differences as well. Some duties‚ functions‚ and responsibilities of local law enforcement agencies are to serve and protect our communities. Local law enforcement agencies arrest criminals‚ they do routine patrolling‚ they patrol our communities to stop and prevent crime. They investigate crimes that
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TOPIC THREE: LAW OF AGENCY * Nature and Creation of an Agent * Duties of an Agent to his Principal * Duties of a Principal to his Agent * Termination of Agency Contract NATURE OF AGENCY What is an agency? Section 135 of Contract Act 1950: “Agency is the relationship which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others.” There are two types of agency contracts:- 1. Contract between principal & agent
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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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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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effects of illegal immigration on local law enforcement is relevant to contemporary law enforcement because until the federal government takes actions to correct the issue and provide appropriate assistance‚ the state and local agencies will be forced to provide local solutions to a national problem. This approach will create a piecemeal system of enforcement by local jurisdictions within the state‚ with no hope of uniformity. All state and local law enforcement agencies and their officials stand to benefit
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1 This paper will discuss what are the major component agencies of DHS and their primary functions. Major Component Agencies of the DHS Major agencies of the Department of Homeland Security (DHS) are; The Directorate for National Protection and Programs‚ The Science and Technology Directorate‚ The Office of Health Affairs‚ The Federal Emergency Management Agency (FEMA)‚ U. S. Customs and Border Protection (CBP)‚ Immigration and Customs Enforcement (ICE)‚ The Office of Investigations‚ The Office
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