AGENCY 1. DEFINITION OF AGENCY "Agency is the relationship that exists between two persons‚ when one‚ called the agent‚ is considered in law to represent the other‚ called the principal‚ in such a way as to be able to affect the principal ’s legal position in respect of strangers to the relationship by the making of contracts or the [sale or purchase] of property." So‚ an agent is someone who represents another‚ called the principal‚ in dealings with third persons. Agency is therefore an
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OF THE INTESTATE ESTATE OF CRISTINA AGUINALDO-SUNTAY; EMILIO A.M. SUNTAY III‚ Petitioner‚ vs. ISABEL COJUANGCO-SUNTAY‚ Respondent. D E C I S I O N NACHURA‚ J.: Unlike Pope Alexander VI1 who‚ faced with the impasse between Spain and Portugal‚ deftly and literally divided the exploration‚ or more appropriately‚ the riches of the New World by issuing the Inter Caetera‚2 we are confronted with the difficult‚ albeit‚ all too familiar tale of another family imbroglio over the estate of a decedent.3 This
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Topic: Introduction to the law of intestacy. Students must be able to: |LOS 1 |describe the evolution of the rules of intestacy. | |LOS 2 |distinguish between total intestacy and partial intestacy. | |LOS 3 |understand essential terms used in the law relating to testacy and intestacy. | LOS 1 Distriution of Real Property
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retains the power to terminate the estate of the grantee upon the happening of a special event‚ “a fee simple determinable” is created. In the event that the language is ambiguous‚ such as “so long as”‚ courts have a constructional preference for a fee simple subject to condition subsequent. In that case‚ the grantor has to take affirmative action to reclaim the estate. Upon happening of a special event stated in conveyance‚ the title of the estate of the grantee continues until the grantor
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of the administration of my estate be paid out of my residuary estate as soon as practicable after my death. ARTICLE II I give‚ devise‚ and bequeath one million two hundred and fifty thousand dollars ($1‚250‚000) in government issued bonds to my niece‚ SUSAN B. JOHNSON‚ if she is living on the thirtieth day after my death. ARTICLE III If my niece‚ SUSAN B. JOHNSON‚ is not living on the thirtieth day after my death‚ I give and devise her share of my estate‚ to her issues in equal shares
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His total estate was $100‚000‚ but he and his estate owed debts and taxes amounting to $80‚000. Before the executor pays the debts and taxes‚ it looks as if Sally gets $40‚000‚ and George gets the $60‚000 residue. The executor first uses the residue to pay the debts and taxes. The
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Intelligence Introduction Introd ction to Intelligent S stems Systems (agents) Outline Agents and environments Rationality PEAS Performance measure‚ Actuators‚ Sensors Environment‚ Environment types Agent types 2 Agents agent noun: a person or thing that acts … ( (root of Latin agere‚ to do) g ‚ ) 3 Agents act = A t AgentFn(percept) tF ( t) sensors agent fn actuators 4 Agents (Some definitions) • Agent: anything that can be viewed as p g y g perceiving its g environment through
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the trust or fail to give bond or a person dies intestate. PERSONS WHO MAY BE EXECUTORS/ADMINISTRATORS 1) EXECUTOR – The person named in the will to administer the decedent’s estate and carry out the provisions thereof. 2) ADMINISTRATOR (regular or special) – The person appointed by the court to administer the estate where the decedent died intestate. *An administrator may also be one appointed by the court in cases when‚ although there is a will‚ the will does not appoint any executor‚ or if
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particular fact. (Rule 1‚ Sec. 3c) RULE 72 SUBJECT MATTER AND APPLICABILITY OF GENERAL RULES Section 1. Subject matter of special proceedings Section 2. Applicability of rules of civil actions SUBJECT MATTER OF SPECIAL PROCEEDINGS a. Settlement of estate of deceased persons b. Escheat c. Guardianship and custody of children d. Trustees e. Adoption f. Rescission and revocation of adoption g. Hospitalization of insane patient h. Habeas corpus i. Change of name j. Voluntary dissolution of corporations
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1. How can Lafarge-Aget differentiate its position in the eyes of customers? Aget is operating in a commodity market. Is only way to avoid price wars and to gain more market share is by differentiating themselfs from the other suppliers by providing there customers additional value. Aget should invest in establishing a customer – supplier relationship. This relationship should address the following issues: * More frequent written/electronic communication – lower acquisition costs for firms
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