Business Law Tutorial 11 1. [ 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
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Local law enforcement is made up of a city’s police department‚ a sheriffs department‚ and some small town police departments. The local city police have the job of patrolling the streets for law violators‚ traffic violations‚ criminal investigations‚ and also providing crowd control. Most counties have a sheriffs department that can handle its crimes. The sheriffs department has the responsibility of handling the local jails; they are bailiffs in the local court rooms‚ they are coroners‚ as well
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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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BUS201 Contract and Agency Law Group Based Case Study Bai Kailin Q0806156 Question 1 A tender is also considered as an offer. Tenders refers to a process by which one can seek prices and terms for a particular project (such as a construction job in this case) to be carried out under a contract. The sealed offers themselves‚ including company information‚ a project outline‚ and a price quote‚ are known as tenders or bids. Since Beng Huay Construction Pte Ltd submitted the most competitive
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something of value to the other party. It is an act or promise to do (or not to do) something in return for value and the value given is enforceable. All the law need is ‘valuable consideration ’. For example‚ if Jack has offered to pay S$10 for a hammer worth S$100‚ that is considered valuable consideration. There are three types of consideration in law: executory consideration‚ executed consideration and past consideration. In this case study‚ the agreement of payment between Food Enterprises Ltd and
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Chapter 1 Sports Agency (Tuition & fees‚ room and board‚ books) Scholarship covers 2/3 Cost of attendance Less than 10 school’s athletic program turn a profit NLI- National letter intent Who is a sports agent? Advocate‚ marketer and negotiator Not just for athletes- Coaches‚ Broadcasters‚ retired athletes‚ etc. have agents. Qualifications: Law Degree? Not necessary. No law or mandate that says an agent needs a law degree. Most do‚ though. Sometimes the law degree might be a hindrance
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Midterm Criminal Law State v. Doug Homicide: The unlawful taking of the life of one human being by another. Actual Causation : The defendant’s act must have been the “cause in fact” of the victim’s death. Without the defendant’s actions‚ the victim would not have died. “But for” Doug shooting and killing Tom‚ he would not have died. Proximate Causation: A defendant’s actions are the proximate cause of the victim’s death if the result occurs as a consequence of the defendant’s
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Week 4 : Internal Control‚ Cash‚ and Receivables - Midterm Top of Form Time Remaining: Question 1.1. (TCOs A‚ B‚ and C) Shareholders want answers to all of the following questions except: (Points : 3) How does the company compare in profitability with competitors? Did the company meet its operating expense budget? Will the company be able to pay its liabilities as they come due? Is the company earning a satisfactory return? Question 2.2. (TCO C) Paying back long-term
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Week 5 Case Study Operation Management Abel Edouard Keller Graduate School of Management GM583 November 28‚ 2010 Walter Mamak Managing Hard Rock ’s Rockfest Identify the critical path and its activities for Rockfest. How long does the project take? The critical path is A-D-E-F-G-O A Finalize and building contracts. Activity time 7 Early start 0 Early finish 7 Late start 0 Late Finish 7 Slack 0 D Design promotional Web site. Activity Time 5 Early Start 10 Early Finish 15 Late Start
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Midterm Responses Question 1: The issue here is whether Brian Logan was required to pay the $20 fee for the seminar to cover the cost of the handbook to Expert Investments Corp (EIC). Was an agreement ever made between the two parties (Brian and EIC)? A contract requires 1) an agreement‚ 2) consideration‚ 3) legality‚ and 4) capacity. An agreement is made when there is an offer with the intent to be bound by the offer‚ reasonably definite terms‚ and communication of offer to offeree by offeror
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