11) Termination of agency | | | 1. | By agreement | | | | | | a. | On the basis that an agency relationship is created by agreement between the principal and the agent‚ such a relationship can also be brought to an end by mutual agreement between the parties‚ either in writing or orally. | | | b. | Termination by agreement may also occur if the agency relationship is terminated pursuant to the provisions of the agency agreement itself. The following situations may
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ACKNOWLEDGEMENT The Midori International Travel and Tours Business Plan is a product of serious work by committed future stakeholders of the Travel and Tour industry. Many thanks go out to the websites and printed materials that helped us in gaining much needed information to be able to come up with this comprehensive research and business commencement ready study. We urge to those who would benchmark on this research to please respect the work that went into it and feel free to gather up as
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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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TOPIC THREE: LAW OF AGENCY * Nature and Creation of an Agent * Duties of an Agent to his Principal * Duties of a Principal to his Agent * Termination of Agency Contract NATURE OF AGENCY What is an agency? Section 135 of Contract Act 1950: “Agency is the relationship which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others.” There are two types of agency contracts:- 1. Contract between principal & agent
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LAW OF AGENCY The law relating to agency in Kenya is contained in the Factors Act 1889 and the common law as modified by the doctrines of equity. Agency may be defined as a legal relationship that exists between a person called the agent is considered by law to represent another known as the principal in such a way as to affect the principal’s legal position in relation to 3rd parties. It has also been defined as a relationship where a party expressly or implied consents that the other should
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Government Regulatory Agencies and Impact on Consumer Choices Outline HCS 490 May 26‚ 2012 Kathy Loy‚ MBA Government Regulatory Agencies and Impact on Consumer Choices Outline Congress passed the original Pure Food and Drugs Act in 1906. It has evolved into the Food and Drug Administration (FDA) and is now an agency of the Department of Health and Human Services (DHS) (FDA Milestones‚ 2006). The FDA’s main objective is to protect and promote public health through
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Write a 350- to 700-word paper on one of the following laws: HIPAA (1996) or EMTALA (1986). Pretend you are a health care manager employed at a small community hospital responsible for educating your staff about HIPAA (1996) or EMTALA (1986). Include the following in your paper: · Describe the law and its purpose. · Explain how it is enacted. For example‚ is it enacted by the state or federal government? · What are some key facts every employee should know about the law
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agencies------------------------------------------------- Food and Agriculture Organization (FAO) The Food and Agriculture Organization of the United Nations leads international efforts to defeat hunger. Serving both developed and developing countries‚ FAO acts as a neutral forum where all nations meet as equals to negotiate agreements and debate policy. FAO’s mandate is to raise levels of nutrition‚ improve agricultural productivity‚ better the lives of rural populations and contribute to the
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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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The Brazilian Health Surveillance Agency ANVISA South South Cooperation: the experience of ANVISA in the Americas‚ Africa and Asia Mateus Rodrigues Cerqueira International Affairs Office ICDRA 14 Singapore‚ November / December 2010 ANVISA / Ministry of Health – The Brazilian Health Surveillance Agency Mission: • “To protect and promote health‚ ensuring the quality and safety of products and services and taking part in developing access to them.“ Values: • Technical and scientific knowledge
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