Agency (1) AGENCY RELATIONSHIP? (2) AUTHORITY? Agency is an agreement‚ express or implied‚ by which the principal entrusts to the agent‚ the management of the business; to be transacted in his name‚ or on his account‚ and by which the agent assumes to do the business and to render an account of it. Agency involves: Principal‚ who passes authority to Agent to effect the legal relations between the principal Third party‚ acted with principal through the agent Section 135 CA (Definition of Agent)
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“Face-to-Face agents will prove their utility into the future by acting as ‘experience centres’ and supporting the development of adventure travel and the ‘silver’ traveller” Rohit Talwer Whether travel agencies and tour operators still have a role in the worlds future is a very controversial subject‚ some believing they do‚ and some believing they don’t. Although I tend to book my holiday adventures online‚ I believe in Mr Talwer’s statement‚ that being they do still have a future. I however don’t
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“To what extent does the multi-store model offer a reasonable account of human memory?” (12 Marks) The most influential multi-store model (or MSM) was proposed by Atkinson and Shiffrin in 1968. They found out that memory is divided into a series of stages. At each stage‚ the information is passed from one to another and is constraints in terms of capacity‚ duration and encoding. The first part of the MSM is the sensory memory. According to Baddeley‚ the sensory memory holds information for
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“A MULTI-CULTURAL SOCIETY IS A BLESSING” – REALLY? “A multi-cultural society is a blessing”. This is an assertion alleged by many. But is it true? Does the old regulation “The more‚ the better” really count here? And what on earth is a multi-cultural society? A multi-cultural society is a society containing several representations of different cultures. To understand it better‚ we also will need to be aware of what both a society and a culture really is. According to Wikipedia‚ a society is: a
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Robinson‚ both pursue agency which is the ability to act independently on his or her own principles. Their pursuit of agency is affected by many factors which include social position/class‚ family relationships‚ and gender. These factors would be analyzed and compared to the ideas and opinions found in the book The Republic by Plato. Social class/position is significant factor of influence in agency because in the books Housekeeping and Hamlet social position can affect agency depending on the position
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UNIT 6 6.0 AGENCY 6.1 AN AGENT An agent is one who acts on behalf of another called the principal‚ with the express or implied authority of that person. Hence an agent incurs neither rights nor liabilities on contracts made on behalf of the principal. Also an agent need not be of full contractual capacity meaning that even a minor could be appointed as such‚ even though he principal has to be of full contractual capacity. 6.2 TYPES OF AGENTS Universal: appointed to handle the
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The (origin of the) concept of agency PE in the OECD Model and its differences between civil law and common law countries Paragraphs 5 and 6 of Article 5 of the OECD Model Convention (the provisions) deal with the so-called “Agency Permanent Establishment” (hereinafter agency PE) whereby‚ in general terms‚ it is intended for states of source to preserve their taxing rights upon economic activities generated within their jurisdiction carried by a person (legal or natural) acting “in the name of”
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company has essentially succeed thanks to their multi-generational strategy marketing. The company was created in 1995 in the south of the France by Tony Elicha‚ a self-made-man who created his first clothing company in 1972 (aka Créations Nelson). The brand began to thrive with his first commercial campaign based on the meeting of two kind of generations : the mothers and daughters. In my opinion‚ Comptoir des Cotonniers is a good example of multi-generational marketing strategy because the brand
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Regulatory Agency Paper Michelle Baker HCS 437 February 14‚ 2011 Kelly Carroll Regulatory Agency Paper Vulnerable individuals need to have opportunities to be included in the communities where they live. That includes the choice to direct their own personal outcomes and become integrated in the community with supports tailored to their unique needs. In an effort to achieve equal footing‚ families need to increase the basic understanding in the community of the complexity of living with
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Refer notes - creation of agency ] 2. [ Refer notes - Duties of Agent to Principal ] 3. [ Refer notes - Duties of Principal to his Agent ] 4. 4 remedies available: Principal may repudiate the contract - Section 168 Contracts Act‚ 1950 Principal may recover the bribe from agent - Section 169 Contracts Act‚ 1950 Principal may refuse to pay commission to Agent Principal may dismiss agent for breach of duty 5. [ Refer notes - Termination of Agency ] 6. (a) 3 conditions:
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