Chapter 31: Agency Formation and Duties • Agency – a relationship between two parties in which one party (the agent) agrees to represent or act for the other party (the principal) Section 1: Agency Relationships • The Restatement (Second) or Agency (an authoritative summary of the law of agency) defines agencies as fiduciary relationships • Fiduciary – (adj) involving trust and confidence • Agency relationships commonly exist between employers and employees • Agency relationships can also
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161. Requisite of Novation A previous valid obligation Capacity and intention of the parties to modify or extinguish the obligation. The modification or extinguishment of the obligation. The creation of a new valid obligation. 162. Kinds of Novation 1. According to origin A. Legal B. Conventional 2. According to how it is constituted A. Express B. Implied 3. According to extent or effect a. Total or extinctive b. Partial or modificatory 4. According to the subject a. Real or objective
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ordinary or extra-ordinary. b. Extinctive prescription (or statute of limitation or limitation of actions)—whereby rights and actions are lost by the lapse of time ( Articles 1106‚ par. 2 and 1139 ). This refers to the timeframe within which an action should be filed in court from thetime the cause of action has accrued‚ failing in which‚ theaction is deemed barred by the lapse of the prescribed time. W HAT IS THE DIFFERENCE BETWEEN THE TWO CONCEPTS ? a. Acquisitive
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Overview of the Hospitality and Tourism Industry Name Professor Class Date The hospitality and tourism industry has been growing and developing very fast over the years. This assignment will discuss the challenges that are involved in managing restaurant operations that are specific to my state‚ as well as how the challenges will be addressed. Such challenges the restaurant industry faces are regulatory issues‚ social concerns‚ competitive issues and demographic and geographic issues. I am also
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100 YEARS OF INDIAN CINEMA Indian Cinema has now completed 100 years on April 21‚ 2012‚ a country where over 1‚000 films are made every year‚ in several languages. During these long years Indian cinema has broken many new grounds and established several milestones. The Times of India‚ India’s major newspaper then‚ hailed it as "the marvel of the century". As writer and essayist Mukul Kesavan wrote‚ "The art of the cinema was fashioned in India at the same time as it was developed in the West". The
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Defying Roles of Sexist Stereotypes The book 100 Years of Solitude by Gabriel Garcia Marquez is centered around an eclectic family living in the solitude of Macondo for seven generations. As the members of the Buendia family live their lives‚ they find themselves in a repeating cycle of sins committed by the original Buendias. Out of everything the family does to escape their troubles‚ nothing seems to work. In and around the family there are only few individuals who keep them from completely
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Sun= cantaloupe Earth = ball pen Jupiter= finger tip Pluto= dust * Today we know Solar system has: 1 star‚ 8 planets‚ 5 dwarf planets‚ 139+ moons‚ countless small solar system bodies * A major lesson from all this is that the solar system is almost entirely made of nearly empty space * All planets orbit the sun in the same direction (counter-clockwise) * Most rotate in the same direction * Venus rotates backward * Uranus rotates on its side (equator perpendicular to equator)
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Notes Compiled by Prof. M. B. Thakoor Chapter 2 - Classification of Accounts (Problems) Q.I. Classify the following into personal A/c‚ real A/c and Nominal A/c. 1. Mr. X A/c. 2. Bank of India A/c. 3. Bank A/c. 4. Cash A/c. 5. Land and Building A/c. 6. Plant and Machinery A/c. 7. Furniture A/c. 8. Insurance A/c. / Insurance Premium A/c. 9. Insurance Company A/c. 10. M/s. X & Co. A/c. 11. Rent A/c. / Rent paid A/c 12. Rent Received A/c. 13. Rent Receivable A/c. 14. Rent Payable A/c
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great drive for a person to seek pleasure‚ he referred this as the ‘libido’(Module 2 ; Roth‚ 2001). In Freud’s theory he divided the mind‚ known as the PSYCHE‚ Freud divided this in to three parts. The first part would be referred as the unconscious; second part known as the preconscious and lastly the conscious. However these can be referred by another terminology which is; the ID‚ EGO and the SUPEREGO (Module‚ 2). The ID can be characterised as the part where the mental processing strives the initiation
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Chapter 2 (Topic 2): Registration and its effects Characteristics of a company -Companies are artificial entities with rights and liabilities separate from their shareholders or members -s119: company comes into existence as a body corporate at the beginning of the day on which it is registered with the name specified in its certificate of registration -This legal entity is separate from its members so assets of the company are not the assets of its members and contracts entered into
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