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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A few of the key issues in the pharma industry are regulatory and legal Issues‚ long‚ uncertain research and development‚ process access‚ pricing‚ and patent Issues (Williams & Torrens‚ 2008). Pharmaceutical discoveries since the 1950s have helped to cut death rates for chronic as well as acute conditions‚ since the 1960‚ vaccines have greatly reduced the incidence of childhood diseases— many of which once killed or disabled thousands of American children (Williams & Torrens‚ 2008). The drug discovery
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How can the structure-agency debate help us to understand the attitudes towards police work and the actions of Captain Louis De Koster as a police officer? The structure-agency debate is a debate that asks one “to what extent are we shaped by social structure and to what extent do we exercise agency to determine our own biography?”. I am going to use this debate to understand the attitude and actions of Captain Louis De Koster as a police officer. Structure is the complex framework of social
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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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What is structure and agency? How does this framework help us in political analysis? For it is part and parcel of daily experience to feel both free and enchained‚ capable of shaping our own future and yet confronted by towering‚ seemingly impersonal constraints. Consequently in facing up to the problem of structure and agency social theorists are not just addressing crucial technical problems in the study of society‚ they are also confronting the most pressing social problem of the human condition
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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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STATEMENT OF PURPOSE M.S. REGULATORY AFFAIRS The idea of graduate study in USA has always fascinated me. I always believed that America‚ as a nation‚ is role model for all the nations‚ who have vision to provide their people with the benefits of science and technology. I always held it in very high esteem as a nation. As one with zeal to excel‚ I admired this nation where excellence is encouraged‚ appreciated‚ recognized and rewarded. I belive that
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The Supremes: Wendy Banjo Latangela Kendrick Chansidy Mathis Stacy Williams February 16‚ 2012 Summarization of Article: Angel Agents: Agency Theory Reconsidered Financial Management/Cohort BB320 Shorter University Dr. Gerald Sullivan AGENCY THEORY “Angel Agents: Agency Theory Reconsidered” is an article that explores the relationship between agents and company owners. The article opens by stating the premise that company executives‚ who fail to operate under the every
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creatures. A wizard‚ Syris Gregamore didn’t agree with the madness that had spread and did something about it. He founded the Gregamore agency. He assembled the most ruthless yet determined members of supernatural creatures and ones with supernatual abilities who had the same opinion as him. And from that day‚ a union was born. The Gregamore Agency. Little by little the agency has changed the world for the better. Now in the twenty-first century‚ everyone knows of them and their legacies‚ heck‚ they have
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Independent Regulatory Commissions Independent regulatory commissions are essentially boards and agencies with ties to the government‚ but entirely separate from the policy making process in order to achieve unbiased information and effective results. They are formed and given power by Congress to regulate a specific industry. Within specific authority granted by Congress‚ these regulatory commissions have the power to form and enforce their own regulations upon industry. Agencies like the FCC
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