questions. 1. What is an Agency? Agency is a fiduciary relationship “which results from the manifestation of consent by one person to another that the other shall act in his behalf and subject to his control‚ and consent by the other so to act”. A party who employs another person to act in his behalf and subject is called a Principal. A party who agrees to act on behalf of another is called an Agent. Agency is governed by a large body of common law known as agency law. Eg: A real estate broker
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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 Nerd Private Ltd‚ clause 2.2 indicates that invoices
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Agency (1) AGENCY RELATIONSHIP? (2) AUTHORITY? Agency is an agreement‚ express or implied‚ by which the principal entrusts to the agent‚ the management of the business; to be transacted in his name‚ or on his account‚ and by which the agent assumes to do the business and to render an account of it. Agency involves: Principal‚ who passes authority to Agent to effect the legal relations between the principal Third party‚ acted with principal through the agent Section 135 CA (Definition of Agent)
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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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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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more than ten days in a school year‚ the public agency has no other choice but to meet the requirements in sections 4 and 5 of Rule 44 in Article 7. Overall‚ if the student is removed for more than ten days‚ the public agency is required to determine if a change of placement has occurred. If the change in placement has occurred‚ the public agency must follow sections 4 and 5‚ nevertheless if the change of placement has not occurred‚ the public agency must follow section 3 of this particular rule.
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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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Social Agency Paper Oakland University Overview For my agency paper‚ I chose Adult Well Being Services in Detroit‚ Michigan. According to the website‚ the agency “works closely with some of our community ’s most vulnerable adults‚ their families and caregivers to provide them the support they need to live independently and with dignity” (awbs.org). Some of these issues involve mental health‚ substance abuse‚ developmental disabilities‚ aging concerns‚ HIV/AIDS‚ other medical issues
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Agency And Discrimination Law - You Decide Travis J. Washington MGMT 520 Q1. CEO of TEDDY’S SUPPLIES Memo To: CEO of Teddy’s Supplies From: Legal Counsel CC: Travis Washington Re: Termination of Miss Virginia Pollard Date: April 3‚ 2015 as the employer of Virginia Pollard‚ Teddy’s Supplies is liable for gender discrimination which is a violation of Title VII. Title VII of the Civil Rights Act of 1964 prohibits any form of employment discrimination against new applicant workers
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