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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Table of content Preface………………………………………………………………….1 Chapter 1. Prerequisites of the agency problem and different approaches to solving it 1.1 How we detect an agency problem……………………………………..3 1.2 Remedies of agency problem…………………………………………….5 1.3 Different approach for different types of companies……………….10 Chapter 2. Practical examples of agency problem’s solution 2.1 Good intentions usually backfire……………………………………….13 2.2 Positive examples and new ideas………………………………….........17 2.3 Foregoing
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Desecration of a venerable object. 2. Which branch of government (executive‚ judicial‚ or legislative) created the state statute? This was created by the Judicial branch. 3. The passage above also discusses one court case. Who were the parties involved in the case? State v Johnson 4. The case was heard by three lower courts before it reached the United States Supreme Court. List those three courts in order‚ beginning with the court that has the most authority and ending with the court that
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Science Experiment. Title; Mould; which type of bread goes mouldy first? Aim; To determine which type of bread goes mouldy first; white bread or multigrain bread. Hypothesis; The multigrain bread will go mouldy first because it doesn’t have as many preservatives Equipment; 1 piece of white bread and 1 piece of multigrain bread‚ plastic food bag to put bread in. Method; 1. Buy 2 different types of bread‚ multigrain and white bread. 2. Take a piece of each bread and put them both in a plastic
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Richelle A. Chiongson‚ RN March 18‚ 2013 LEGAL PROBLEMS IN NURSING 1. Describe three (3) instances in which the conduct of the professional nurse (with regards to the treatment of patients)might be a cause for possible criminal charges. a. Art. 253. Giving assistance to suicide. — Any person who shall assist another to commit suicide shall suffer the penalty of prision mayor; if such person leads his assistance to another to the extent of doing the killing himself‚ he shall
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Business Ethics The Corporation ‘The Corporation’ had a specific aim to portray the problems of not just one corporation‚ but corporations as a whole‚ as is evident from the beginning of the film as a multitude of big business logos flashed across the screen. The film proceeded to highlight the issues surrounding: globalization and consumerism‚ environmental pollution and disregard for the planet‚ unethical marketing‚ and dishonest media. Personally‚ I feel that I’m quite open-minded when it comes
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with Pro Golf Company. An agent’s authority can be either actual or apparent. Actual authority comes in two forms express and/or implied. On page 918‚ it states that express authority is actual authority the principal has manifested onto the agent in very specific or detailed language and the agent has implied authority to act in a manner in which he believes the principal wants him to act. Apparent authority‚ on the other hand‚ is when an agent lacks actual authority‚ however‚ due to the principal’s
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CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
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Matthew Smith Agency Relationship Agency relationship is a consensual relationship between two parties‚ where one party‚ the principal‚ gives authority to another party‚ the agent‚ to act on behalf of and under the control of the principal to deal with a third party‚ thereby creating a fiduciary relationship. The law of agency allows one person to employ another to do his/her work‚ sell his/her goods‚ and acquire property on his/her own behalf. Although a principal-agent relationship can be
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Explore the way in which power and authority shape spoken language‚ considering it in the light of your own classroom experience. The English language contains many aspects and tools used to gain power and authority when speaking. In a political broadcast interview gaining information and turn-taking is expected. Therefore when Jeremy Paxman‚ the interviewer‚ speaks in a blunt and outspoken way to George Galloway‚ a politician who has just won an election to become a Member of Parliament beating
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