LST2LBA LAW OF BUSINESS ASSOCIATION SEMESTER 1 2011 Assignment 2 Wincy Lo ID: 17000168 MONDAY 2:00pm Dr Philipp Maume 19 May 2011 To determine if Glamour Developments Pty Ltd (Glamour) is liable to pay Sarah‚ whether or not Jane had authority to enter into such contracts on behalf of Glamour must be established. To establish the existence and type of authority an agent has in terms of acting on behalf of the principal‚ we must examine agency law‚ the indoor management rule and the
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Economics – Features of Partnership Firms There are different forms of business organizations and a partnership firm is one among such organizations. Partnership is the relationship between two or more persons who have agreed to share the profits of the business carried on by all or any one or more of them acting for all. The following are the characteristics or features of any partnership firm: 1. Contract: It is formed on voluntary basis by means of an agreement agreed between two or more
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Case Study: Innovation—and continuity—at Toyota Answer 1 I would not think Toyota an ‘innovation organization’. It cannot be denied that‚ despite the Toyota’s product like Prius‚ its service‚ marketing and other business processes can be innovative and the innovation can be incremental. But I think whether a company can innovations‚ their products can be reflected. Through this point‚ in the case said‚ notwithstanding the Prius‚ we would not deem it a particularly innovative organization. To sum
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A partnership is formed where a business is started and owned by more than one person. In each case‚ a legal document called a Partnership Agreement sets out how the partnership is run‚ covering areas such as: • How profits are to be shared • What the partners have to invest into the business • How decisions are taken • What happens if a partner wants to leave or dies The partners between them own all the business assets and owe all business liabilities. Partners‚ therefore‚ also have
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Introduction According to Coag (2009)‚ Partnership is defined a co-operative and mutually beneficial relationship between those working together and sharing a responsibility to achieve a common goal‚ such as positive outcomes for children. Effective partnerships require good faith‚ mutual respect and common understanding from which decisions can be made. Effective partnerships require good faith‚ mutual respect and common understanding from which decisions can be made. Research has proven that the
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RECONSTITUTION AND DISSOLUTION OF A PARTNERSHIP ABSTRACT: The paper aims to study using secondary research resources. That what are concepts of Partnership reconstitution and dissolution according to the partnership act 1932. Under what circumstances a partnership firm is entitled to these two concepts respectively‚ what are the rights‚ duties and liabilities of each of the partners involved under each case. And according to what modes can the accounts be settled among the partners upon the winding
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Changes/Continuities in Europe Europe saw an overwhelming amount of change during the age of global interdependence. This was a very definitive era in terms of modern Europe its government and religious views. If it were not for this crucial period in time‚ the world as we know it would be completely different. Government stayed‚ for the most part‚ the same in most parts; however‚ Spain and France saw change‚ the basic structures of Christianity were challenged and therefore changed‚ and the
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collaborative partnership‚ linking home and school in a climate of trust and respect. When parents and teachers are united in their aims and expectations‚ children enjoy coming to school and learning in a safe environment. Ultimately‚ children become more effective members of society. ‘How teachers build and form relationships with children and their families matters‚ and contributes to children’s sense of belonging and well-being’ (Blaise & Nuttall‚ 2011‚ p. 167). Strong partnerships between teachers
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do these changes take place? Are they sudden and abrupt or gradual? This article explains how developmental psychologists explore differences between people of certain ages based on how gradually or abruptly those differences seem to emerge. The Continuity Approach If you have spent any significant amounts of time with young children‚ there are some aspects of their behavior that seem to change so gradually that you hardly notice. We can compare these aspects of development to the growth of a mighty
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In the period 300CE to 1450CE‚ certain luxury goods in Afro-Eurasia changed from being specific to an individual country to being circulated in interregional trade‚ and the expansion of trade networks changed Easterners’ sheer oblivion of environmental knowledge to their creation of technological adaptations for trade‚ while the economic prosperity in existing trade routes stayed the same. The first change is developed through the introduction of certain luxury goods that were included in famous
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