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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There are nine major regulatory bodies. They are: 1. The Internal Revenue Service (IRS). The IRS was established in 1913. Its purpose is to administer and enforce the internal revenue laws. Its stated mission is to provide America’s taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all. (Internal Revenue Service‚ 2008) 2. Securities and Exchange Commission (SEC). The Securities and Exchange
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concern in the matter. Includes what the group would like the company to do. Influence: Your feeling of how much legal influence this stakeholder group has over the company. The greater the influence‚ the more you should listen to them. Rank as high‚ medium‚ or low. Urgency: How urgently the company should address the stakeholder’s concern(s). Rank as high‚ medium‚ or low. Persuasiveness: Your feeling of how persuasive the stakeholders’ presentations were to the board of directors. Consider all
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the second wave in the positive theory of accounting‚ focuses among other things on agency theory. What is agency theory? Elaborate the components of agency costs as described by Jensen & Meckling (1976). Answer: Agency theory is based upon the more general contracting theory that the most cost effective form of organizing economic activity is through a firm based structure. Jensen & Meckling describe agency theory is a contract under one party (the principle) engages another party (agent)
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Go through and change the names of who is in charge of the agency now Running Head: Community Agency Report Alysia Webb College of Education Cal State San Bernardino San Bernardino‚ Ca (714) 585-1365 Alysiaw10@att.net Paper Presented in College of Education Cal State San Bernardino Instructor: Dr. Mcreynolds November 16‚ 2011 Vocational rehabilitation counseling services are among the most common mental health services provided in the United States. The purpose of rehabilitation
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compensation fraud. One example of workers’ compensation fraud was reported on by ABC News and involved Bruce Gilbert‚ a bus driver who “talked like a five year old‚ a problem his wife blamed on an ‘on-the-job’ accident” (Hunter). Gilbert’s wife claimed that her husband suffered from a “regressive mental ailment that effectively gave him the mental capacity of a child of about five” (Hunter). Over the course of 10 years‚ the Gilberts received approximately $774‚000 in workers’ compensation. A private investigator
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YAHONG LI JIANGYONG LU ZHIGANG TAO SHANG-JIN WEI FOXCONN V BYD (A): COMMERCIAL ESPIONAGE OR LEARNING BY HIRING? Teaching Note Synopsis Foxconn International Holdings Limited (“Foxconn”) is the world’s largest contract manufacturer of mobile phones. Its competitor‚ BYD Company Limited (“BYD”)‚ entered the market in 2003 and has initiated a learning-by-hiring strategy by actively recruiting workers from Foxconn. In May 2006‚ Foxconn first discovered a leakage of its trade secrets to BYD through current
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Joanne Wootton 24/10/12 * The importance of multi agency and integrated working As an early year setting we are required to help the children achieve the five outcomes of the UK government they include stay safe‚ enjoy and achieve‚ be healthy‚ make a positive contribution and achieve economic well being. We do everything we can to follow these outcomes but sometimes we need to contact and utilise other professionals to help us achieve these‚ it’s important to work together with these other
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more. This essay will discuss security‚ confidentiality and International issues facing three companies internet sites The Body Shop‚ MaryKay Cosmetics‚ and Comeclean Beauty Products. Body Shop Businesses have the power to do well. That ’s why The Body Shop ’s Mission Statement opens with the overriding commitment‚ to dedicate our business to the pursuit of social and environmental change. ’ They use the stores and products to help communicate human rights and environmental issues. The management
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The Federal Reserve System Why do a research paper on the Federal Reserve System? This is a question we went over in our heads while making a decision on the type of research paper to do‚ what we wanted to learn more about and why. Over the past few years we have realized the impact that the Federal Government has on our economy‚ yet we never knew enough about the subject to understand why. While taking this Economics course it has brought so many things to our attention‚ especially since we see
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