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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Role and Function of Law Paper Erik Larson Law/421 February 11th‚ 2013 Eric Nord The Roles and Functions of Law Former President Theodore Roosevelt was quoted as once saying‚” No man is above the law and no man is below it: nor do we ask any man’s permission when we ask him to obey it.” This quote sums up the importance and vastness of our legal system. Laws serve many purposes in both business as well as society. The following paper will discuss the roles and functions of law in both business
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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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Describe the key structures and functions of a eukaryotic and prokaryotic cell. Eukaryotic Cell (1) There are many organelles in the eukaryotic cell micrograph above. Some of these organelles are displayed in the prokaryotic micrograph and so‚ I have described the shared organelles in the prokaryotic micrograph section. Mitochondria The mitochondria cells break down nutrients which then creates energy. They act like a digestive system. This process is called cellular respiration. The
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State and Local Government Comparisons Matrix Based on the readings from State and Local Government this week‚ review and summarize how each issue is managed at the state and local levels. State Local Legal Documents State Archives also has responsibility to review‚ approve‚ dispose or transfer any legal documents that are no longer in need of by the agency. Provides necessary training for managing legal documents and provides technical assistance for state agencies. Legal documents contain
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requirement: To avoid illegal searching or seizing of someone’s property‚ the law enforcement provides search warrants. For getting a search warrant ‚ the first and foremost thing to law enforcement is to have a specific cause and it has to support oath and they should describe where they are going to search and what all the items they will seize. After all these things then judge will examine the cause that is proposed by law enforcement and can give a permission i.e search warrant. There are three different
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The Duties and Responsibilities of a Service Crew in any Food Chain are as follows: Responsible for providing courteous and efficient food and beverage services to the guests. To present menu‚ take order‚ suggest and recommend appropriately. To attend and respond to guests’ needs promptly and professionally. To present bills to diners‚ collect payment and give to the cashier‚ return change or credit card to diners. To perform general housekeeping and cleaning duties‚ including sweeping
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Community-Based Policing: Law Enforcement For The Twentieth Century by KONSTANTINOS I. KORIAS. ENGLISH COMPOSITION PROFESSOR CHUCK NILES (MONDAY NIGHT CLASS) OUTLINE Thesis:Community-based policing provides hope for the future of Law enforcement. I. Introduction to C.B.P. A.The roots of C.B.P. B.So what is community? II.The two elements of C.B.P. law enforcement philosophy are: A. Community partnership. B. Problem solving. III. The reaction of police
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State Farm Social Responsibility Xavier Smith Western Governors University State Farm Social Responsibility Introduction As businesses worldwide continue to transition from production focuses to service mentalities‚ so has the zeitgeist of business operation. Profit-maximization goals are no longer predicated solely on selling more products or services; these goals are now also predicated on social responsibility‚ also called social awareness. In order to maintain its reputation as the premier
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“Traditional vs. New Law Enforcement Strategies” Frank DeMorrow CRMJ-310 July 29‚ 2012 Professor Maia Jefferson The law enforcement community plays an important role in our day-to-day lives. They are not only tasked with enforcing the laws‚ but they are also tasked with helping out the community in various ways. What happens when the traditional model of law enforcement is changed? Will there be any resistance from certain divisions of the police force? What will be the major factor for the
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