Law of Agency WHAT IS AN AGENCY? Sec 135 of Contract Act‚ agency is the relationships which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others. WHO CAN BECAME A PRINCIPAL OR AGENT? Any person who is 18 years old and above and who is of sound mind may be principal. As between the principal and third persons‚ any person can became an agent. BUT persons of unsound mind and who are below 18 years are not liable towards their
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the second wave in the positive theory of accounting‚ focuses among other things on agency theory. What is agency theory? Elaborate the components of agency costs as described by Jensen & Meckling (1976). Answer: Agency theory is based upon the more general contracting theory that the most cost effective form of organizing economic activity is through a firm based structure. Jensen & Meckling describe agency theory is a contract under one party (the principle) engages another party (agent)
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Jet2.com marketing research Marketing is the process of communicating the value of a product or service to customers‚ for the purpose of selling that product or service. Jet2.com is internet based holiday and cheap short hole flight company witch which flies from eight airports in the United Kingdom. Jet2.com marketing and press department is orientated at low cost flight advertising safety and reliability also offers bigger baggage allowance then competitor’s which you can take on board. Jet2
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Gulliver’s Travels Jonathan swift Reaction: This movie is a great movie for me because it shows that Gulliver is an educated man by his schooling and apprenticeship‚ and have a good knowledge of the sea. Because of his attitude many of Lilliputians love Gulliver‚ I thought from the start that I would hate this movie from the moment I heard and watch this movie. I was wrong because Gulliver’s have a good attitude and good humor. From the time that I watch the movie‚ I was surprise because‚ I didn’t
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Kuoni Travel Kuoni travel was founded in 1906 by Alfred Kuoni in Switzerland and it has been a long haul tour operator since 1966. Kuoni travel offers dream holidays to over 70 countries in the world. These holidays are luxurious and tailor made to fit the needs and wants of the customers. They offer a range of holidays such as secluded tropical island getaways‚ once in a life time safari trips and amazing city breaks. They also offer family holidays‚ all inclusive‚ beach‚ golf‚ spa and wedding
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August 14‚ 2011 Subject: Proposal to Adopt Hyatt Corporations Business Philosophy Attached is the proposal to adopt Hyatt Corporations’ Business Philosophy in Tipp Management’s Consulting curriculum to better assist our cliental with the most up to date training strategies available. Our mission is to assist their cliental in obtaining the skills necessary to make them a more marketable candidate in the employment sector. Hyatt’s philosophy is what a great deal of business’ today is adopting into
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employee-to-sales ratios and tells restaurants to cut staffing when the sales have dropped below a certain range at any hour. This has agency problem written all over it. Maybe not so much along the lines of managers acting for the best interest of shareholders but definitely managers acting in their own interests and not in the employee’s best interests. This agency problem is arising from the
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British Virgin Islands Represented in the convent by their duly authorized Overseas Agency Director: Robert W Shelton AND : EXPOBANGLA LOGISTICS LTD. Richmond Concord (2nd FL.) 68 Gulshan Avenue‚ Gulshan-1‚ Dhaka‚ Bangladesh Represented in the convent by their duly authorized Director: Lawrence Gomes WHEREAS: The above parties are both engaged in freight forwarding business on an international basis‚ including AIR – OCEAN – ROAD SERVICES‚ and mutually agree to
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QUESTION: Explain what agency of necessity is and how it may arise. AUTHOR: KATALILO JOY INTRODUCTION This paper will explain what agency of necessity is and how this agency arises. Agency is the work done by an agent. An agent is a person that has a contractual obligation with a principal to bind the principal to a third party without the agent being party to the contract. The contract then becomes one between the principal and the third party. In lay terms‚ imagine parties A‚ B and
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Jessica Thompson Steve - Distinction 2 Analyse the factors that contribute to an effective workplace‚ highlighting good practise from different travel and tourism organisations. There are many different factors that contribute to an effective workplace which I will talk about in this piece of distinction work. Laws are a very significant contribution to a positive workplace. The sex discrimination act was put into place to stop discrimination between men and women and make them equals. Also
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