11) Termination of agency | | | 1. | By agreement | | | | | | a. | On the basis that an agency relationship is created by agreement between the principal and the agent‚ such a relationship can also be brought to an end by mutual agreement between the parties‚ either in writing or orally. | | | b. | Termination by agreement may also occur if the agency relationship is terminated pursuant to the provisions of the agency agreement itself. The following situations may
Premium Bankruptcy Agency law Business law
Most of us have a sense of and curiosity about the places and spaces around us. Think‚ for example‚ of the place you call home. You are probably familiar enough with its streets and buildings and landscapes and with the people who inhabit these spaces‚ to make connections among them-you know how to “read” the place. There are many other places‚ however‚ where this is not the case. Most of you have had the experience of going somewhere new‚ where it is difficult to find your way around. You might
Premium Geography Space
TOPIC THREE: LAW OF AGENCY * Nature and Creation of an Agent * Duties of an Agent to his Principal * Duties of a Principal to his Agent * Termination of Agency Contract NATURE OF AGENCY What is an agency? Section 135 of Contract Act 1950: “Agency is the relationship which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others.” There are two types of agency contracts:- 1. Contract between principal & agent
Premium Agency Agency law Agent
This case comes under Law of Agency. Agency Law is concerned with any “principal‚ agent and third party” relationship; a relationship in which one person has legal authority to act for another. Agency involves three parties : • Principal – Mr. Smithfield • Agent – U.K. Rail • Third Party – Pig resort/Care Centre Agency relationship may arise in five ways and one them which arise in this case is “Agency Of Necessity” and the requirements are : • Genuine necessity – there was a delay in delivering
Premium Business law Agency Agency law
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:
Premium Breach of contract Contract law Contract
SPACE EXPLORATION & TECHNOLOGY Traveling through space and exploring the unknown has been an unquenched curiosity of mankind’s since the beginning of time. Students of all ages‚ in schools throughout the world‚ are becoming more involved in researching space. They are following the current progress of space exploration‚ and discovering the learning possibilities that come from traveling through the last frontier. "Space Exploration" is an interdisciplinary unit combining multiple disciplines
Premium Space exploration NASA
Material & Immaterial Space The concept of space has massively changed since the evolution of mankind. Spaces that were defined by material‚ culture‚ context and climate have now been redefined by other factors such as technology and new invincible forces. Based on Jonathan Hill’s Immaterial Architecture‚ the book that traces the changing science of space and the forces that define it‚ i.e.-material aspect (presence of matter) and the immaterial aspect (absence of matter)‚ this paper also
Premium Definition Investment Space
Whooshhh! Space exploration has many meanings to me. It means improved life on Planet Earth. It can help with saving energy‚ using our phones‚ and even predicting the weather! There are lots of meanings to space exploration and they all help us get through the day. Get Ready for lift off! We can rely on the weather reports updated on an hourly basis. The accurate weather forecast is possible only because of the satellites in the space. It’s easy to predict natural calamities such as floods‚ storms
Premium Hydrogen Chemical reaction Carbon dioxide
* Objectives of the studies * Methodology * Significance of the studies * Scope of the study * Chapterisation Chapter.2 Review of Travel Agency * Product of a Travel Agency * Activities of a Travel Agency * Department of a Travel Agency * Principles of a Travel Agency * Right and Duties of a Travel Agency Chapter.3 Profile of Madura Travels * Profile * History * Organization chart * Computer and Reservation system * International sector
Premium Travel agency Computer reservations system Airline ticket
INTRODUCTION An agency in general‚ is the relationship between two parties‚ where one is a principal and the other is an agent who represents the principal in transaction with a third party. Agency relationship occur when the principal hire the agent to perform a service on the principal behalf. In common‚ principal will delegate decision making authority to the agent. Agency Theory is concerned with resolving problems that may exist in agency relationship; that is‚ between principals (such as
Premium Principal-agent problem Stock Decision making