and elaborate upon the duties that a principal owes to an agent. Answer: An agency is the creation of a contract entered into by mutual consent between a principal and an agent. By agency‚ a principal grants authority to an agent to act on behalf of and under the control of the principal. A principal owes certain contractual duties to his/her agent by an agent will serve the principal loyally and with obedient. The principal duties can be found in section
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THE DUTIES OF THE AGENTS TO PRINCIPAL The duties of an agent depend primarily on the contract of agency if there is one. Subject to any such express terms‚ the agent owes a number of implied duties or obligations to his principal. It is the agency relationship as such that gives rise to these obligations so that‚ as a general rule‚ they fall as much on the gratuitous agent as on the paid agent. 1. Obey the Principal’s instructions Section 164 states‚ The agent must obey the instructions given to
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1. Duty to follow principal’s directions or customs (Sec. 211): The first duty of every agent is to act within the scope of the authority conferred upon him and perform the agency work according to the directions given by the principal. When the agent acts otherwise‚ if any loss be sustained‚ he must make it good to the principal‚ and if any profit accrues‚ he must account for it. Illustrations: (a) Where the principal instructed the agent to warehouse the goods at a particular place
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DUTIES OF AGENT TO PPRINCIPAL Agent’s duty in conducting principal’s business 164. An agent is bound to conduct the business of his principal according to the directions given by the principal‚ or‚ in the absence of any such directions‚ according to the custom which prevails in doing business of the same kind at the place where the agent conducts the business. When the agent acts otherwise‚ if any loss be sustained‚ he must make it good to his principal‚ and‚ if any profit accrues‚ he must account
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OBLIGATIONS OF AGENT UNDER THE LAW OF AGENCY Introduction The law of agency is based on the maxim “Qui facit per alium facit per se” i.e. he who does an act through another does it by himself. The concept of representative capacity is the totem of agency. In the hustle and bustle of everyday life it sometimes becomes impossible to do everything ourselves and hence it becomes necessary to employ people to perform our acts. The person employed is the agent and the contract by which he is appointed
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RIGHTS OF AGENT: Following are the rights of agent. (I) RIGHT OF REMMUNERATION: It is basic right of an agent. (II) RIGHT OF COMMISSION: He has also right of commission. (III) RIGHT OF LINE: An agent has right of line over goods until the payment in due is received by him. (IV) RIGHT TO RETAIN: An agent has right to retain goods‚ papers and other property until the amount due is paid. (V) RIGHT OF COMPENSATION: In case of injury caused to agent by the negligence of principal may be
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M/601/1699 CT232 Understand how to support positive outcomes for children and young people You have been asked to give a two short talks‚ one to parents and one to students about to start working with children‚ both talks concern understanding how to support positive outcomes. You must produce two leaflets or posters to give out at each talk which the parents or students can then display as reminders. The leaflet/poster must be supported either by a talk given to the assessor and recorded
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DUTIES‚ RESPONSIBILITIES AND JOB QUALIFICATIONS Internal Structures General Manager Expected to assist with marketing campaigns in their area. Oversees the overall operation of the business Implement rules and regulations in the business Has the authority in coaching‚ rewarding and disciplining employees in a responsible and effective matter. Must be able to train employees in proper cash-handling methods and must have controls in place to account for all revenue received. Has keys to
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community‚ state‚ or nation. Citizens have rights and duties as family members‚ as students in a classroom and school‚ and as members of their community‚ state‚ and nation. Being a good citizen means following rules and laws being responsible and respectful helping others. Being a responsible family member means knowing and following the family’s rules. It means helping parents or care-givers and cooperating with brothers and sisters. It is the duties of family members to be honest and fair to each other
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were whether Mr. Brenner’s words and actions create a duty and did he owe duty to you. Based on the information that you provided‚ there are some facts that makes it difficult to prove that Mr. Brenner owed a duty and had a duty to you. For clarification‚ I will to review the facts that were provided during our meeting and explain the law regarding duty. You went out to eat with Ethan Brenner and three others friends and one of their names was Greg Jones. You tried puffer fish and after ate the
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