USIU BUS 3010 BUSINESS LAW LAW AGENCY NOTES AGENCY LAW The law of agency in Kenya is basically that of the English Common Law. It deals with the relationships that arise when one person‚ the agent‚ is used by another‚ the principal‚ to perform certain tasks on his behalf. CREATION OF THE AGENCY RELATIONSHIP Agency may be created in four ways namely‚ i. By contract ii. By Ratification iii. By Estoppel iv. By operation of the law Agency by Contract This may either be by express contract
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Introduction of Agency Theory The specific definition of the theory based on the sources investorword.com and investopedia.com defined that the agency theory is a theory explaining the relationship between principals such as shareholders and agents. It is essentially involves the cost and way of resolving the conflicts between the principals and agents and change the something slightly to the correct position and decision related to the two group of conflict. Thus‚ the main objective of agency theory is
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and what we would have done and why we would do such a thing if we where in their position. The Aggressive Ad Agency Summary Our cause study deals with Rob Lebow‚ who was a director of corporate communications for Microsoft Corporation‚ which is located in Redmond‚ Washington. Rob Lebow also helped administer the $10 million which were for the advertising budget. He is used to dealing with aggressive ad agencies but this time he encountered a dilemma
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Made in L.A. The film Made in L.A. is a documentary that follows the lives of three Latina immigrants named Maura‚ Lupe and Maria. The documentaries shows their struggles and abuse working for the trendy retailer Forever 21‚ and also provides a deep look into their personal lives and the connection of hardship that bonds them together. The film touches on how they all came to the United States and why the women felt the need to move from home to a foreign country. All women possessed similar
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© Myles Cook‚ 2006 Milgram’s Agency Theory of Obedience One of the areas that have fascinated psychologists is that of obedience – why does someone obey another? In the period following World War 2‚ the subject became a popular one for researchers fascinated by the amount of obedience shown by the German soldiers in Nazi Germany when faced with orders that resulted in the torture and deaths of millions of Jews. Stanley Milgram‚ a Jew himself‚ decided that the only way to prevent any further
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Made to order‚ E style 1. What was Dell’s original strategy? Dell’s strategy is to sell directly to customer and build computer thru customer’s own specifications‚ which they made a dominant share on the market on made-to-order PC’s. This strategy also encompasses customer service which they entailed an ordering system through phone. These steps made by Dell are to make the customer comfortable. 2. Why is Dell losing the competitive edge of its original strategy? As technology arises‚ a
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From a management perspective‚ do you think Target made any mistakes? Justify your answer. Being in management is an exceptionally stressful job as one has to be able to manage‚ organize‚ oversee and make decision that are most beneficial to the company. From a Chief Executive Officer I presume these levels of stress are even more amplified as they are making over a billion decisions a year on a higher level that could virtually cost them their companies (Larson‚ 2017). As an avid Target shopper
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Extinguishment of Agency Modes of extinguishment of agency (A) By Revocation of the Principal 1] Revocation - refers to the act of the principal of terminating the agency at will confidence and representation being the foundation of the contract. The principal may revoke the agency at will‚ and compel the agent to return the document evidencing the agency. (Art. 1920) 2] Who may revoke agency when there are two or more principals. When the power of attorney was granted for a
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Leaders are born‚ not made”. Do you agree or disagree with this statement? Can all managers go on to be a leader? Explain. For several years‚ the concern whether leaders are born or made is an issue of great controversy. From different opinions however‚ it could be a little bit of both hence proving that any manager can go on to be a great leader as well. Among other definitions‚ Maxwell (1993‚ p.11) has defined leadership as an ability to influence others. He also defined a leader as a person
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1.1 Background This internship report has been made to fulfill the course requirement. This report has been assigned to me by my advisor Md.Salam mia with a view to have an in depth understanding of the topic. I have worked in Northern air Ltd. As an intern and I have got vast opportunity to learn about the recruitment and selection process which is also the major concept of marketing. 1.2 Object of the study It is the primary project on recruiting and selection process analysis of Northern
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