QUESTION: Explain what agency of necessity is and how it may arise. AUTHOR: KATALILO JOY INTRODUCTION This paper will explain what agency of necessity is and how this agency arises. Agency is the work done by an agent. An agent is a person that has a contractual obligation with a principal to bind the principal to a third party without the agent being party to the contract. The contract then becomes one between the principal and the third party. In lay terms‚ imagine parties A‚ B and
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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 which
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3) Outline and briefly evaluate the view that agencies of socialisation create marginalised ethnic identities. (24 marks) Socialisation is the process individuals go through when learning the culture of their social group. There are lots of agencies that take part in socialising an individual including education‚ religion and the media. I will explain how some of these agencies contribute to create marginalised ethnic identities. These are people of minority background whose personality has been
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series of link ads that:- * Focus on a common theme for one ad of any brand * They are directed at a particular segment of the population that is the target audience. * They aim at achieving a specific objective. * Successful ad campaign may last for a week‚ few weeks to months or years. * Its planned programme using advertising aim at a particular target audience over a definite period of time for the purpose of increasing sales and raising awareness. * A successful campaign
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Agency theory relative to corporate governance assumes a two-tier form of firm control: managers and owners. Agency theory holds that there will be some friction and mistrust between these two groups. The basic structure of the corporation‚ therefore‚ is the web of contractual relations among different interest groups with a stake in the company. In general‚ there are three sets of interest groups within the firm. Managers‚ stockholders and creditors (such as banks). Stockholders often have conflicts
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Agency theory Agency theory identifies the agency relationship where one party‚ the principal‚ delegates work to another party‚ the agent. In the context of a corporation‚ the owners are the principal and the directors are the agent. This model of corporate governance and subsequent research focused on resolving conflicts of interest between corporate management and shareholders (Jensen and Meckling‚ 1976) and has largely adopted an agency theory approach. Key assumption is that the principals and
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Table of content Preface………………………………………………………………….1 Chapter 1. Prerequisites of the agency problem and different approaches to solving it 1.1 How we detect an agency problem……………………………………..3 1.2 Remedies of agency problem…………………………………………….5 1.3 Different approach for different types of companies……………….10 Chapter 2. Practical examples of agency problem’s solution 2.1 Good intentions usually backfire……………………………………….13 2.2 Positive examples and new ideas………………………………….........17 2.3 Foregoing
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of agency.A contract of agency is a species of the general contract. As such‚ an agency may terminate in the same way as a contract is discharged except where the agency is irrevocable. Broadly speaking‚ an agency may be terminated either by the act of parties or by the operation of law. (a) Termination by act of parties: A contract of agency may come to an end by the act of the parties as follows: 1. By agreement: An agency is generally created by an agreement‚ it may also be terminated by an
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will be more proolematic to implement throughout India. My data related to blackboards includes all schools(private and govt.)in rural and urban India.I can substantiate my conclusion with different surveys and datas prepared by govt. and non-govt. agencies that still in rural area more than half of the schools have negligible basic infrastructure. As far as Mid-day meal scheme is concerned I have worked on this in 23 blocks.I know what type of food-grain comes for the food and how officials and department
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Governmental Agency on Prison Health Care Phyllis M. Williams HCS/430 November 26‚ 2012 Christie Artuso‚ EdD‚ RN‚ CNRN Governmental Agency on Prison Health Care Within this paper‚ there will be an explanation of the role and impact of a governmental agency that regulates prison health care. In order to understand the full velocity of prison health care‚ one must first understand the definition of health care regulatory agencies. Health care regulatory agencies were established to monitor
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