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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3.1 Describe the different types of business that operate within the tourism industry Travel agencies can be categorized briefly into three different types‚ they are include: 1. In bound Tour Operators 2. Outbound Tour Operators 3. Corporate Travel Service Agencies 4. Land operators – Cooperation among travel agencies. For inbound tour operators‚ the customers are mainly tourists and visitors from foreign countries such as USA‚ England and Japan. About the tour operations
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Agency Issue no. 1 ABC company limited is a merchandising company that purchase good and sale it to others . the employees which load goods from the wear and reach their destination or customers wear house use a vehicle which is provided to employees for the transportation of goods .but they are using that transport facility for their personal use it is an agency issue which is facing ABC company . Solution Owner of company should observe and estimate the time which can be consumed during goods
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Agency theory Agency theory identifies the agency relationship where one party‚ the principal‚ delegates work to another party‚ the agent. In the context of a corporation‚ the owners are the principal and the directors are the agent. This model of corporate governance and subsequent research focused on resolving conflicts of interest between corporate management and shareholders (Jensen and Meckling‚ 1976) and has largely adopted an agency theory approach. Key assumption is that the principals and
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Select a scenario from the list. 1. As a partner in a new business‚ one of your roles is to review information technology tools available to assist you in a certain aspect of your business (e.g.‚ marketing‚ accounting‚ sales‚ quality assurance). Evaluate technologies that have emerged within the last five years and consider their potential impact on your business. Determine whether or not you will adopt any of these technologies. 2. As a member of the human resources department in a manufacturing
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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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Even though Hollywood isn’t known for producing historically accurate movies‚ Schindler’s List can be considered as a somewhat accurate representation of the Holocaust. There was an actual Oskar Schindler‚ and a real Amon Göth‚ and a factory by the name of Deutsche Emailwaren Fabrik‚ and a camp by the name of Paszów. Living conditions of the camps were portrayed very well‚ as was the time line of the movie. However‚ some parts of the movie were made up or inaccurate. For example‚ the movie shows
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movies is Schindlers List which reveals the story of a Nazi who risked his life in attempting to save thousands of lives by allowing them to work in his factory. Oskar Schindler‚ the Nazi goes through plenty of trouble and witnesses the cruelty that the Jews have been facing by his own comrades. This movie expresses that not all Nazis and Germans were “evil”‚ some actually tried to save the lives of Jews‚ the Chinese and others even tried to otherthrow Adolf Hitler. Schindlers List reveals that not all
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Historical Development of Police Agencies CJA/204 August 8‚ 2011 Abstract Historically‚ policing in America mimicked that of the English. American ideas expanded on the English way of policing‚ to start an era of ever evolving police agencies. In the beginning policing was considered the civic duty of members of a community. These “drafted” officers were not paid or trained. Appointed Sheriff’s were motivated by money‚ and lost focus on enforcing the law. Policing was considered reactive
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A list of synonims 1. Proportion= percentage Exhibits=objects on display The labour force The workforce The working population People employed 2.Examine Check Investigate research 3. Make=build=construct Technique=method 4.Problem Obstacle Stumbling block 5. Groups Organizations associations 6. Leave=abandon=desert 7. Emotion=feeling 8. Most A high proportion The majority of Considerably Extremely greatly 9. Fed up with=tired of 10. Qualities=features Well=adequately=expertly=sufficiently=
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