THE NATURE OF AGENCY RELATIONSHIP The need to appoint another person to perform one act or another on one’s behalf assumes greater proportion daily. This is so because of the rapid economic developments that has taken place in the recent years. A party may want to do many things but because of lack of time or expertise‚ he is compelled to appoint another person to act on his behalf and whatever that other person does will be binding on him. The question is: ‘Who is an agent?’ An agent is one who
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Probation officers work with criminal offenders‚ some of whom may be dangerous. They also monitor offenders to prevent them from committing new crimes. Workers in this occupation must meet many court-imposed deadlines and also travel‚ especially if they work in rural areas. Probation officers usually have to have a bachelor’s degree‚ but the requirement varies by agency. Officers who work in the probation system have various duties that keep their job busy. They evaluate offenders to determine
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TWINTECH SUBJECT NAME: BUSINESS LAW SUBJECT CODE: LAW2013 TERMINATION OF AGENCY PREPARED BY: NAME: MOHAMAD AL-HAFIZ BIN SALLEH MATRIC NO.: 10071260 NAME: SITI RAHIMAH BINTI RAZMAN MATRIC NO.: 10071260 NAME: NURUL ASHIKIN BINTI MD. YUSOF MATRIC NO.: 10071260 NAME: KHATIJAH BINTI AHMAD MATRIC NO.: 10071260 NAME: LYANA NADIA BINTI SALAHUDIN MATRIC NO.: 10071260 SEMESTER 4 2011/2012 ABSTRACT An agent’s authority can be terminated at any time. If the trust between the agent and principal
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Agency theory Agency theory identifies the agency relationship where one party‚ the principal‚ delegates work to another party‚ the agent. In the context of a corporation‚ the owners are the principal and the directors are the agent. This model of corporate governance and subsequent research focused on resolving conflicts of interest between corporate management and shareholders (Jensen and Meckling‚ 1976) and has largely adopted an agency theory approach. Key assumption is that the principals and
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AGENCY RELATIONSHIP An agency is a relationship which exists when one party called the principle appoints and authorizes another called the agent to enter into a contract with a third party ‚ which contract is legally binding to both parties. An agent is therefore a party who is authorized to represent or act on behalf of another for the purpose of bringing that other party into legal relations with a third party. A Principal is a party who authorizes another party to represent or act on his
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November 30‚ 2013 Submission to Authority Marines are one of the most disciplined armed forces in our world today. They are taught to receive orders and to follow them without question. But when should submission to authority stop? Should orders be disregarded when they conflict with a person’s own morals and consciousness? Maybe they should‚ but in the Milgram experiment‚ it was found that it is actually very easy for a person to accept and follow orders while leaving out their own judgment. This
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Unit 40 - P1 Describe the types of dementia and common signs and symptoms The term ‘dementia’ describes a set of symptoms which can include loss of memory‚ mood changes and problems with communication and reasoning. These symptoms occur when the brain is damaged by certain conditions and diseases‚ including Alzheimer’s disease‚ vascular dementia and Creutzfeldt-Jakob disease. Age is the greatest risk factor for dementia. Dementia affects one in 14 people over the age of 65 and one in six over
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Which Dress Do You Like Best? The following memory I will outline may seem an excessively informal anecdote for a paper as such but it reveals truth in the point I will be presenting. When I was a senior in high school and prom season arrived it was a common practice among me and two other friends to go shopping for our dress on Saturdays. The drill consisted of trying on several dresses and asking the two other friends their opinion‚ when we found a dress that all three agreed on (given the price
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B.A. LL.B. (Hons.) A project in the subject of Contract-II on the topic titled as ‘Agency of Necessity’ Submitted to: Prof. Owais Hasan Khan Asst. Professor Nirma University 1|Page Submitted by: Dhwani Tanwar 12BAL054 Semester IV DECLARATION The text declared in the project is the outcome of my own efforts and no part of this report has been copied in any unauthorized manner and no part in it has been incorporated without due acknowledgment. Dhwani Tanwar 12BAL054
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The Best Flour Introduction: Many people when baking have trouble with getting the best textured cake they want. The top could be cracked‚ taste thick and sticky. Also the cake may not rise‚ and left sunk in the middle. But this can be what type of flour you used when making the cake. There are many different flours for different purposes in cooking a cake‚ some for the texture and colour‚ also healthiness of the flour and the type of grains used in the flour. Some flours have bi-carb soda in
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