AGENCY LAW: PRINCIPAL-AGENT RELATIONSHIP 1. Agency a. Principal tells an agent what to do‚ they create an agreement b. Created by a contract – manifestation of consent c. Why care about agency law? Lawyer - agent and employer - principal d. There’s a liability on the employer on the actions of its employee e. If you’re an employee‚ and you run into a pedestrian who gets injured – pedestrian will sue the company not employee (deep pockets) torts
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10Product Chapter Concepts TRUE/FALSE 1. A product may be defined as everything‚ both favorable and unfavorable‚ that a person receives in an exchange. ANS: T PTS: 1 REF: 153 TOP: AACSB Reflective Thinking | TB&E Model Product OBJ: 10-1 TYPE: Def 2. An elementary school teacher purchased a ream of art paper‚ a box of crayons‚ and some modeling clay. The teacher intends to use these products in her classroom‚ so they would be classified as business products. ANS: T PTS: 1 REF: 154 TOP: AACSB Reflective
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How to Think Like a Computer Scientist: Learning with Python 3 Documentation Release 3rd Edition Peter Wentworth‚ Jeffrey Elkner‚ Allen B. Downey and Chris Meyers August 12‚ 2012 CONTENTS 1 2 3 The way of the program 1.1 The Python programming language 1.2 What is a program? . . . . . . . . . 1.3 What is debugging? . . . . . . . . 1.4 Syntax errors . . . . . . . . . . . . 1.5 Runtime errors . . . . . . . . . . . 1.6 Semantic errors . . . . . . . . . . . 1.7 Experimental debugging . . .
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Return on Assets ROA: (NI + Interest Expense‚ Net Tax Savings)/Ave. Total Assets The ability of assets to generate income ‚regardless of how those assets are financed. ROA=Profit Margin(for ROA)xTotal Asset Turnover Ratio Profit Margin for ROA: (NI + Interest Expense‚ Net Tax Savings)/Sales Relative sales to expenses. Asset Turnover: Sales/Ave. Total Assets How well a company’s assets generate sales. AR Turnover: Net Sale on Account/Ave. AR–or - Sales Revenue/Ave. AR How quickly a firm collects
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The concepts of faith and reason hold opposing view points when used in the context of religion. Faith by definition is the firm belief in something for which there is no proof ("Faith‚" def. 3). On the contrary reason is defined as something that supports a conclusion or supports a fact ("Reason‚" def. 1c). Though faith centers on the abstract and reason focuses on the concrete‚ St. Thomas Aquinas argues that only through the union of both can salvation be obtained (Kreeft 40). Regardless
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voluntary and involuntary intoxication and the effect that has on different offences‚ the offences being divided into those of basic intent and those of specific intent. Voluntary and involuntary intoxication Voluntary intoxication is where the def takes the drink or drugs of his own free will. Involuntary intoxication is where a person does not know he was taking alcohol or an intoxicating drug. In such cases‚ there will only be a defence of the mens rea for the crime was not formed. Involuntary
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Hello‚ I am Bodhisattva Joanna. For those of you who aren’t aware of what being a Bodhisattva entails‚ it refers to “a being that compassionately refrains from entering nirvana in order to save others and is worshipped as a deity in Buddhism.” (“Bodhisattva.”). In other words‚ I help others to reach the enlightened state; people would otherwise have trouble finding peace within themselves throughout the hardships of life on their own. In the Buddhist world‚ these hardships are referred to as suffering
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Chapter 3 Time Value of Money: An Introduction Copyright © 2012 Pearson Education. Chapter Outline 3.1 Cost-Benefit Analysis 3.2 Market Prices and the Valuation Principle 3.3 The Time Value of Money and Interest Rates 3.4 Valuing Cash Flows at Different Points in Time Copyright © 2012 Pearson Education. 3-2 Learning Objectives • Identify the role of financial managers and competitive markets in decision making • Understand the Valuation Principle‚ and how it can be used to identify
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“The schools in a portion of Boston stretching from just south of South Boston through Roxbury and into Dorchester are districted with a similar effect: the predominantly black areas are cut away from the predominantly white areas.” Morgan v. Hennigan‚ U.S. District Court for Massachusetts‚ 1974 THE SEEK BUTTON on the Ford’s radio is working. The downtown recedes. Miles of neighborhoods fill the windshield. The SEEK function locks on someplace in stereo‚ college FM probably. “Yeah‚” a new friend
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Notes Intention – SOCIAL OR DOMESTIC- do not intend to create legal relations. Balfour v Balfour (1912) Categories of rebuttal – The nature of the document (if drafted by solicitor) - Agreement may expressly state legal relations - Surrounding Circumstance may indicate intention Merritt v Merritt (1970) -Significant reliance on promise- consequences are sufficiently serious. Wakeling v Ripley (1951) - COMMERCIAL NATURE- do intend to create legal relations. Edwards v Skyways (1964)
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