March 2001 Agency Law and Contract Formation ISSN 1045-6333 AGENCY LAW AND CONTRACT FORMATION Eric Rasmusen Discussion Paper No. 323 05/2001 Harvard Law School Cambridge‚ MA 02138 The Center for Law‚ Economics‚ and Business is supported by a grant from the John M. Olin Foundation. This paper can be downloaded without charge from: The Harvard John M. Olin Discussion Paper Series: http://www.law.harvard.edu/programs/olin_center/ March 2001 Agency Law and Contract Formation
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of the rule of law can be traced back to at least the time of Aristotle who observed that given the choice between a king who ruled by discretion and a king who ruled by law‚ the later was clearly superior to the former. In more recent times‚ it is Albert V. Dicey who is credited with providing the logical foundation upon which the modern notion of the rule of law is based. Dicey did not invent the idea of the rule of law but he popularized it in the late nineteenth century. His book‚ Introduction
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thefreedictionary.com. The duties are a series of common law‚ statutory‚ and equitable obligations. The duties are analogous to duties owed by trustees to beneficiaries‚ and by agents to principals. Directors owe duties to the corporation‚ and not to individual shareholders‚ employees or creditors outside exceptional circumstances. The duties of a director are divided in two sections‚ the common law duties and the statutory duties of directorship. Common law duties; Duty of Good Faith The most general obligation
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Laws and Regulations Team A Linda Lee-Tucker‚ Natalia Alexander‚ Misty Pearson‚ Tiffany Miller HRM/554 February 21‚ 2011 Professor Stephanie Romagnoli Introduction British Petroleum is the US’s largest corporation. One of the largest oil producers‚ BP services globally for billions of dollars each year. BP distributes oil and natural gas all over the world. British Petroleum has run into several problems with federal regulations over many years. Because of safety issues
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What is land law in English law? Explain how the law distinguishes between whether a thing is a fitting or a fixture or part and parcel of the land itself. Introduction Land is what we step on‚ live on‚ it is very important in our daily life and land in every different area has its owner. That’s how we have the right to say this is mine and we’re the ones who choose what to do with it‚ add something to it or remove something from it‚ change it around or even get rid of it. That’s why we have this
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asserted older‚ nobler‚ more enduring values: the right of the individual against the state duty to govern in accordance of law; the role of the courts as guarantor of legality and individual right‚ the priceless gift‚ subject only to constraints by law established‚ of individual freedom.”(Lord Bingham of Cornhill‚ The case of Liversidge v Anderson: the Rule of Law Amid the Clash of Arms‚2009) From my view‚ Lord Bingham expressed the importance of rule of law through the comment he gave in the case Liversidge
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Natural Law 1. The "order of nature" interpretation of natural law is also known as "generic natural law". This interpretation of natural law is influenced by Ulpian’s idea of ius naturale‚ which is what man shares in common with the animals. The "order of nature" emphasizes human physical and biological nature in determining morality. This theory of natural law supports physicalism over personalism and is strictly biological. Physicalism understands nature as the viceroy of God and that the
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University of Macau BBEL 230 –Business Law I Macau‚ 28 March 2010 MID-TERM EXAM (Part I) |Write your full identification‚ Western name and section. | |Only the legislation‚ without any forbidden notes‚ can be used. | |Dictionaries are allowed.
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[1992] 2 MLJ 355‚ SC The Supreme Court in this case held that the essence of consideration is that the promisee has taken upon him some kind of burden or detriment. Curie v Misa (1875) LR 10 Exch 153. Consideration under common law has been defined to ‘consist in some right‚ interest‚ profit or benefit‚ accruing to one party or some forbearance‚ detriment‚ loss or responsibility given‚ suffered or undertaken by the other’ Dunlop Pneumatic Tyre Co Ltd v Selfridge and Co Ltd [1915] AC 847‚ 57‚ 89.
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KB 223 was an unfortunately retrogressive decision in English administrative law‚ insofar as it suggested that there are degrees of unreasonableness and that only a very extreme degree can bring an administrative decision within the legitimate scope of judicial invalidation. The depth of judicial review and the deference due to administrative discretion vary with the subject matter. It may well be‚ however‚ that the law can never be satisfied in any administrative field merely by a finding that the
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