Law Midterm Chapter 13- The Agency Relationship (Pg. 297) • Agency: a relationship that exists when one party represents another party in the formation of legal relations Pg. 298 • Agent: a person who is authorized to act on behalf of another • Principle: a person who has permitted another to act on her behalf • Agency is a common relationship as is shown in the following examples: o A sports agent negotiates a multimillion-dollar deal on behalf of a hockey player
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doctrine is often used in cases where liability is found‚ but the corporation is insolvent. Corporations exist in part to shield the personal assets of shareholders from personal liability for the debts or actions of a corporation. Unlike a general partnership or sole proprietorship in which the owner could be held responsible for all the debts of the corporation‚ a corporation traditionally limited the personal liability of the shareholders. The limits of
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1.2. Qantas’ stakeholders Stakeholders are all groups and individuals who have an interest in the company being analysed. In order to focus on these groups which have the power to influence‚ corporate level activities have to be identified first. This can include large shareholders‚ governments and trade unions. The power and interest of those stakeholder groups have an impact on the process by which strategy develops at the corporate level and in each individual business. (Williamson et al‚ 2004
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make mistakes‚ he/she can indicate that to me and give me advises. On the contrary‚ I don’t like people doing things in an indirect way‚ I don’t like working with procrastinator. Do you think it’s a good idea or a bad idea to form a business partnership with a close friend? How could you go about discerning if a good friend would make for a good business partner? Answer: I think starting a business with a close friend is not something to be taken lightly—but if you have the right partner‚
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Learning Activity 1 Question 1: As a sole proprietor‚ there is no difference between Owen and Owen’s Pets Store. As such‚ all income from the business is considered personal income by Owen and will be taxed accordingly (The legal and ethical environment of business‚ 2014‚ pg. 350). Learning Activity 1 Question 2: Dissociation occurs when a party ceases to be associated with the business‚ giving up authority to act and participate in the activities of the business (Clarkson‚ K.‚ Miller‚ R.‚ & Cross
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strengthened by alliances with global technology vendors‚ customers‚ and niche solution providers. Our ecosystem consists of close to 100 companies in various technology areas with which we form go-to-market alliances‚ specialist partnerships for niche technologies‚ and teaming partnerships for specific customers. Partnering with HCL is a mutually beneficial experience Our ecosystem of alliances allow us to provide best-in-class solutions that meet our customers’ business requirements and helps them
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BYLAWS OF THE TRADING COMPANY OSI HEALTH XXI‚ S.L. Title 1.- NAME‚ PURPOSE‚ REGISTERED OFFICE AND DURATION Article 1.- Corporate name. The corporate name is OSI HEALTH XXI‚ S.L.‚ which shall be governed by these Bylaws and‚ in matters not provided for therein‚ by the Capital Company Act and other applicable provisions. Article 2.- Corporate purpose. The corporate purpose is: 1. - The performance of activities and investments related to (i) the promoting or securing goods and services related to
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Heroes of Tomorrow I. Project Title: “Builders of Today‚ Heroes of Tomorrow” II. Project Proponent: Thomasian Youth Builders (TYB) III. Project Rationale: In line with the organization’s mission and vision‚ the Thomasian Youth Builders‚ in partnership with is Habitat for Humanity‚ is planning to have a youth build together with its members. This activity aims to lend a helping hand to the partner community. It also seeks to make the youth of today be aware regarding the realities of poverty housing
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Shelter Partnership Lessons learnt • A non-profit organisation whose primary objective is providing a Service or “social good”‚ can benefit from cost accounting practices that provide meaningful data. • Simply producing a set of accounts that provide cost data for the entire entity may not provide enough information to enable meaningful analysis. • Non-profit organisations use resources and the challenge is to measure them against the goal orientated activities of the entity. • The goal
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that was unique to each business line. Additionally‚ Blackstone prevented the dilution of the LPs by offering a 10 percent stake in a general partner‚ therefore protecting the LP investments. Furthermore‚ through the use of a Master of Limited Partnership structure Blackstone was able to maintain their governance structure and maximize the LP’s interests. As the firm only conducted its accounting on a tax basis with different financials for each business line it would need to create firm-wide GAAP-compliant
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