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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There are two types of employment agencies‚ recruiting and staffing. These can both be good tools to use in your job search. A recruiting service matches your skills with a permanent full time position. They are also called headhunters or executive search firms. Basically what they do is look for qualified candidates for different employers. Most of the time the employer pays the fee to the recruiting service and the recruiting service recommends you for the job if you are qualified. I guess this
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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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BUSINESS LAW SUBJECT CODE: LAW2013 TERMINATION OF AGENCY PREPARED BY: NAME: MOHAMAD AL-HAFIZ BIN SALLEH MATRIC NO.: 10071260 NAME: SITI RAHIMAH BINTI RAZMAN MATRIC NO.: 10071260 NAME: NURUL ASHIKIN BINTI MD. YUSOF MATRIC NO.: 10071260 NAME: KHATIJAH BINTI AHMAD MATRIC NO.: 10071260 NAME: LYANA NADIA BINTI SALAHUDIN MATRIC NO.: 10071260 SEMESTER 4 2011/2012 ABSTRACT An agent’s authority can be terminated at any time. If the trust between the agent and principal has broken down‚ it is not
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Objective of study The objective is to investigate how principle-principle agency conflicts impact on the quality and effectiveness of corporate governance in European listed companies. Motivation for study Most of corporate governance research only reveals that corporate governance can solute the agency conflicts between management and shareholders which fails to identify principle-principle agency conflicts and their influences on corporate governance. Research question
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Governmental Agency on Prison Health Care Phyllis M. Williams HCS/430 November 26‚ 2012 Christie Artuso‚ EdD‚ RN‚ CNRN Governmental Agency on Prison Health Care Within this paper‚ there will be an explanation of the role and impact of a governmental agency that regulates prison health care. In order to understand the full velocity of prison health care‚ one must first understand the definition of health care regulatory agencies. Health care regulatory agencies were established to monitor
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Methodology 1 Background to Travel Agencies 1 Definition 1 Context – The background of Travel Agents 1 Types of travel agents 2 Data collection 2 Literature review 2 Analysis of the data collection 3 Strengths 3 Weaknesses 4 Opportunities 5 Threats 5 Suggestions/Recommendations 7 Conclusion 8 References 10 Introduction Aim This report hopes to examine the impact of online booking websites on traditional High Street travel agencies. It was decided to research this subject
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AGENCY RELATIONSHIP An agency is a relationship which exists when one party called the principle appoints and authorizes another called the agent to enter into a contract with a third party ‚ which contract is legally binding to both parties. An agent is therefore a party who is authorized to represent or act on behalf of another for the purpose of bringing that other party into legal relations with a third party. A Principal is a party who authorizes another party to represent or act on his
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follow evil. Do you believe the illuminati is real or fake and why? The illuminati are used in music to influence new worshippers or to give out a message that the devil is powerful. There are many conspiracy theories that people believe that some musicians are influencing or brainwashing many other people.
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Why was there tension between Stalin and his people between 1928-1941? After Lenin’s death in 1924‚ the two leading candidates for his successor were Stalin and Trotsky-both with opposing ideologies in the manner in which the country should be run. Despite being a brilliant speaker and writer‚ Trotsky’s policy on a ‘permanent revolution’ worried people in the fear that the USSR would get involved with more conflicts while Stalin’s proposition of ‘Socialism in One Country’ was far more comforting
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