In accordance with the duty of obedience, the agent is required to act in the principal’s affairs only as actually authorized by the principal and to obey all lawful instructions and directions of the principal. In regard to the duty of obedience, the agent is expected to act in a fashion that is only authorized by the principal, and she is to obey all lawful instructions and directions of the principal. The agent has the duty of diligence, and is therefore, expected to act on behalf of the principal using reasonable care and skill in addition to any special skill that she may own. Thus, in reference to the agreement with the…
Acids are defined as molecules that can liberate hydrogen ions, which increases the hydrogen ion concentration of an aqueous solution.…
3. Fiduciary activities of a government involve the government’s discharge of its fiduciary responsibilities, either as an agent or trustee,…
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Find an antiderivative of the given function. 1) x-3 + 1 4 x 2) cos πx + 6 sin x 6 Find the most general antiderivative. 6 3) ( t - t) dt…
b. Exclusive You can’t have possession at the same time with owners ex) drive way…
Criminal Law: is the body of law that relates to crime. It is the body of rules that defines conduct that is not allowed because it is held to threaten, harm or endanger the safety and welfare of people. Criminal law also sets out the punishment to be imposed on people who do not obey these laws. Criminal law differs from civil law, whose emphasis is more on dispute resolution than in punishment. Violation will result in jail.…
22 The duty of fidelity and good faith – ‘faithful service’................................................................. 22 Duties related to disclosure ........................................................................................................ 23…
1.1 Explain what it means to have a duty of care in your own role…
Agent: Fiduciary of the principal – owes duties of loyalty, care, full disclosure, integrity, honesty & obedience. Agent must put interests of the principal above his own.…
agent must expressly act as agent for principal. He must not allow the third party to think that he is principal.…
The principal which is generally in use for disputes arising under Agency Laws can be expressed by the Latin phrase, “qui facit per alium, facit per se” which in common-man terms mean that a person who acts through another, acts in his/her own interests. It should be borne in mind here that the relationship between the Principal and the agent is fiduciary in nature i.e. it is a relationship based on trust generally.…
“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.”…
Some of the duties of the trustee are similar to those of the agent e.g Must act in good faith and avoid conflict of interest.…
An agent is one who acts on behalf of another called the principal. The agent has power to affect the principal’s legal position vis-à-vis a third party e.g. by entering into a contract or disposing of the property of the principal.…
An agent is determined by law. Determined by the legal implications of what the person does. Must be acting for a principal cannot stand alone. (a)Agent has the legal authority to bind or incur liability for which the principal can be responsible. The primary role of an agent is to negotiate or conclude contracts on behalf of a principal. Actions are treated like that of the principal. Consent can be determined by the Court. (b)Agent is a person who is recognized by law as having the power to affect the legal rights of another person being the principal. Agency describes the relationship between the principal and the 3rd party. (c)Relationship arising from consent between principal and agent is to act within that capacity. Agency can also be seen as a fiduciary relationship. Actions of an agent can be criminal.…