USIU BUS 3010 BUSINESS LAW LAW AGENCY NOTES AGENCY LAW The law of agency in Kenya is basically that of the English Common Law. It deals with the relationships that arise when one person‚ the agent‚ is used by another‚ the principal‚ to perform certain tasks on his behalf. CREATION OF THE AGENCY RELATIONSHIP Agency may be created in four ways namely‚ i. By contract ii. By Ratification iii. By Estoppel iv. By operation of the law Agency by Contract This may either be by express contract
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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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d) Examine the ways in which laws and social policies affect family life. Laws and social policies have been affecting the family for hundreds of years. They can alter how families look or function either directly or indirectly. Laws and policies can be aimed directly at the family to engineer change‚ to mould them into a new scheme or to change the way they function (such as contraception). However‚ family life can also be changed by indirect policies where the family is altered but the policy
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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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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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Hidayatullah National Law University‚ Uparawara‚ Raipur (C.G.)‚ 2010 LEGAL METHOD AND INTRODUCTION TO LEGAL SYSTEM Semester – I B.A.LL.B. (Hons.) Ms. Shradha B. Rajput Mr. Azim B. Pathan INTRODUCTION OF THE COURSE: This course is the window to see the law and it is the beginning of law students’ transformation into lawyers. It teaches the students to engage with legal texts‚ to think critically about the law‚ and most importantly
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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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Regulatory Agency Pamela Jackson HCS/430 October 6‚ 2014 Jeannie Major Regulatory Agency The objectives behind accreditations and regulations are to keep and assure compliance is followed to the letter of the law. The regulations are designed to guide the agencies activity and the activity of the employees. Health care is an industry that must have regulations and regulators to assist the industry in complying with a plethora of issues that protect the consumers. Health care are formed and
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I will be telling the difference between federal and state laws‚ and how it impacts my daily life. While you may not always realize it many laws actually impact the choices many people make. Federal laws are regulations based on the rules that are applied throughout the united states‚ and how these laws apply to every citizen of the United States‚ or anyone who may migrate here from other countries. Federal laws actually do Impact my life on a daily basis with education‚ and labor regulations. Being
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