an Agency Contract may be established. Agency According to Nicole Busby‚ an agency is a contractual relationships that entitles one party to act on behalf‚ or in favour of‚ the other party in contractual arrangements with a third party. In this regardthese circumstances‚ the former is known as an “agent” and the entity on whose behalf the agent performs is called a “principal”. Generally‚ the agency relationships arises in commercial transactions‚ partnership and employment. The term “agency” in
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There are many laws in the world today that some may find are neither rational nor fair for all the parties involved in the situation. I have chosen two laws that I do not think are logical‚ these two are apparent authority and executory process. The first law I will be discussing is an agency this is the right one person has to execute business on behalf of another person or corporation. There are three important parties involved in an agency relationship; the agent (this is who can enter a contract
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2012 – OCTOBER SEMESTER 2012 STUDENT NAME: CHU THI HONG TUYEN ID No.: 2448481 BMLW5103 – BUSINESS LAW ASSIGNMENT Question 1 Discuss the enforceability of an agreement which lacks consideration. Using legal authorities (relevant statutes and cases) to support your discussion. Answer: A valid contract is an agreement made between two or more parties that creates rights and obligations that are enforced by law. What does the consideration mean? And what does it effect to the agreement? Consideration
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Sharen P. Cupido 7-St. Therese The Philippine Drug Enforcement Agency (PDEA) (Filipino: Kawanihan ng Pilipinas Laban sa Droga) is the lead anti-drugs law enforcement agency‚ responsible for preventing‚ investigating and combating any dangerous drugs‚ controlled precursors and essential chemicals within the Philippines. The agency is tasked with the enforcement of the penal and regulatory provisions of Republic Act No. 9165 (R.A. 9165)‚ otherwise known as the Comprehensive Dangerous Drugs
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Business Law I January 31‚ 2013 Corporate Structure Assessments Part A: A sole proprietorship is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. The IRS does not consider the sole proprietorship as a separate business entity. The owner reports
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“Law enforcement”‚ as a term‚ refers to professionals or organizations or agencies that are associated with the activities like upholding and enforcing the laws that are in force in a particular jurisdiction. Law enforcement organization is an organization of people‚ which consists of either individuals or other organizations or both and is associated with law enforcement. A law enforcement agency can be any agency which enforces the law (e.g. police‚ federal agencies‚ Interpol‚ etc). The Law enforcement
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Importance of Business Law 1. To define Basic Setup of a business. Business law defines different types of business for setup‚ such as - Partnership‚ Proprietorship‚ Corporation (Private and Public)‚ etc. Such definitions of types of business help clarify ownership of the business entities. 2. To define Regulations for Business Operations. There needs to be certain rules and regulations to carry on various timely operations in any business regardless of the type of business. For industries
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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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Contract-II on the topic titled as ‘Agency of Necessity’ Submitted to: Prof. Owais Hasan Khan Asst. Professor Nirma University 1|Page Submitted by: Dhwani Tanwar 12BAL054 Semester IV DECLARATION The text declared in the project is the outcome of my own efforts and no part of this report has been copied in any unauthorized manner and no part in it has been incorporated without due acknowledgment. Dhwani Tanwar 12BAL054 2|Page Institute of Law Nirma University Ahmedabad
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Recruitment and Selection Strategies for Law Enforcement Agencies Juan Estrada Calumet College of St. Joseph PSM 444‚ Focus Paper Chicago‚ Illinois October 16‚ 2012 Table of Contents Chapter Page I. Abstract ……………………………………………………………. 3 II. Introduction ……………………………………………………………. 4 III. Research ……………………………………………………………. 4 IV. Implementation…………………………………………………………... 12 V. Conclusion ……………………………………………………………. 15 VI. References ……………………………………………………………. 17 Abstract This paper
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