Theories That Seek To Define and Explain Agency. 1) Power Liability Theory - Agency exist when a person acquires the power to alter the P’s legal relations with a T so that onlt the P can sue or be sued by the T - Issue: It focuses on external rather than internal aspect of agency. Furthermore some agencies do not fall into that definition i.e. Estate Agents 2) Consent Theory - Agency is a fiduciary rship that arises when a principal manifests assent to another person (A) that the A should act on
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dependent deviations from rationality and arbitrage. Three forms are divided by researcher according to the availability of information. The first one is Weak Form. The price in this form were just focused the past stock price. This is the cheapest‚ easiest strategy to find the pattern in stock price. But the future information is random due to random walk hypothesis therefore it is unable to generate any profit. The Semistrong Form will appear when all information is publicly available‚ including
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EXPLAIN PLATO’S CONCEPT OF THE “FORMS” (25 marks) Plato theorised that beyond the material world there was a “realm of ideas and concepts”; he calls these the Forms. A Form can be described as the “essence” of something‚ the very attributes and characteristics that make something what it is. For example‚ in the realm of the Forms there can be found a form which outlines all that a cat should be. All cats found on earth are in fact imitating this basic form‚ making them dim replications of true “catness”
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Plato’s theory of forms‚ also called his theory of ideas‚ states that there is another world‚ separate from the material world that we live in called the "eternal world of forms". This world‚ to Plato‚ is more real than the one we live in. His theory is shown in his Allegory of the Cave (from The Republic‚ Book VII)‚ where the prisoners only live in what they think is a real world‚ but really it is a shadow of reality. According to Plato‚ to the prisoners in the allegory and to humanity in the material
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Paper on Freedom for the Thought that we Hate In the book Freedom for the Thought that we Hate‚ author Anthony Lewis takes a simply phrased law‚ the First Amendment and shows how complex freedom of speech really is once put into the real world of freedom‚ as we know it. He shows through his rejections of absolutism‚ strong support towards freedom restriction‚ and objective analysis of Chief Justice Oliver Wendell Holmes‚ that the United States press is unlike any other in the world. Lewis rejects
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quote which means “times change‚ and we change with them.” This quote may be true in some situations such as fashion‚ but for the most part is not. Things such as trends and word “lingo” are expected to change‚ and they do. Other things such as people’s behavior and actions seem not to change as much. High school students for example‚ still act the same way they have for who knows how long. High school is a perfect example for “times change‚ and we change with them.” If you were to look back at a group
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How to define the ’middle class ’? BY LI KUI-WAI Published: Mar 15 2013 8:50 Email | Print | Share Text Size The definition of “middle class” has been debated recently in Hong Kong. One simplistic definition would be to take the median or average income and those who received the middle” level of income are the “middle class”. Such a definition is easy to understand in mathematical terms‚ but is naive and has a number of drawbacks. Firstly‚ how close the income level to the “middle” would
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Why We Form Relationships Corbin Smith Estrella Mountain Community College There are many reasons as to why we form relationships with a person. Appearance is one of those reasons. Most people claim that a person’s personality is the main reason why we get into a relationship with them and not by the way they look which is really not true. There has to be some type of attraction towards their appearance because the way they look is extremely important in the early stages of a relationship
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Controversy & Debate: Are We Free Within Society? One can never be completely free within society. Society places demands and forms what people do and even what they think and feel. In order to survive in society people must conform to what is acceptable‚ this is not freedom. Further constraints are placed on members of society because of gender‚ race and class differences. True equality can never exist‚ and therefore neither can freedom. One of the most powerful things contributing to conformity
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The problem of free will refers to the examination of whether or not we as conscious beings have control over our own actions. French philosopher Paul Henri Thiry‚ Baron d ’Holbach argues that all acts are caused by past events and conditions‚ a belief known as determinism. Physical laws shows us that all events in time are determined by prior events‚ but the belief in free will implies that our actions are results from what we perceive as choice‚ are undetermined random events in time. Therefore
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