The authority of an agent is the act which he is allowed or authorised to do by his principal‚ and which will bind his/her principal. Usually‚ the principal will only be bound by the act of the agent if the agent acts within his/her authority. There are two types of authority which an agent could rely on‚ namely actual authority and apparent or ostensible authority. Actual authority is the authority given by the principal to the agent and could be in written or oral form. The capacity of an
Premium Contract Contract law Common law
AUTHORITY – Authority is that power which is exercised legitimately. All powers cannot be legitimate. Authority and legitimacy both depend on values‚ beliefs and attitude of the masses. Example of Authority: A robber who forces bank manager to handover cash on a gunpoint is not exercising “authority”. But when a police officer is controlling traffic and can use the threat of a fine or jail sentence‚ he is exercising authority. It is an investment in a legitimate form of power‚ it is profitable
Premium Authority Max Weber Charismatic authority
Commercial Law Agency An agent is determined by law. Determined by the legal implications of what the person does. Must be acting for a principal cannot stand alone. (a)Agent has the legal authority to bind or incur liability for which the principal can be responsible. The primary role of an agent is to negotiate or conclude contracts on behalf of a principal. Actions are treated like that of the principal. Consent can be determined by the Court. (b)Agent is a person who is recognized by law as
Premium Contract
P1: Describe the type of business‚ purpose and ownership of two contrasting businesses. I will be speaking about two organisations the first organisation I have decided to discuss is ASDA and I will follow it of by McDonald’s as the second organisation. Asda is a Public company and is a British supermarket chain which supplies various services to the customers such as: Clothing‚ Food‚ and General Merchandise etc. It has become a multi-national store leading of its subsidiary of Wal-Mart which is
Premium Wal-Mart Supermarket Limited company
a business with no funds or management experience can prove to be difficult. Comparing and contrasting‚ for the sole purpose of deciding which business type would be beneficial to the scenario given three business types were discussed. Sole proprietorship‚ partnership and corporation were reviewed. The outcome chosen was partnership being as it relates best to the scenario discussed. The idea of opening a business is not one to take lightly. Being an inventor and spending a lot of time
Premium Corporation Types of companies Limited liability company
Jobs I’ve Held There are many decisions to make when searching for a career. Along the journey‚ I have held different positions at various companies and there are various leadership styles I have come across while working under different managers. My very first encounter with a manger was when I was doing my National Youth Service in my home country Nigeria. The National Youth Service is a compulsory one year scheme organized by my country. This one year scheme was created to avail graduates an
Premium Management Leadership
What artifact in your life describes you? The artifact in my life that best describes me will be my thick red diary. I started to keep a diary when I was in Primary 6. I got the diary in a lucky draw which I think because of fate as I had never wanted to start a diary or planned to write one. When I got the diary‚ I had the sudden urge to start one because of the flowery-decorated cover with each pages scented. At first‚ I was quite confused on what to write in my diary so I just started with my
Premium Writing Feeling Creative writing
The Artifact That Best Describes My Personality Sharon Soj Instructor: Jennifer Ferraro English 090 July 27‚ 2010 The artifact that best describes my personality is my 1993 Nisson pickup truck. It is an automatic so it is a classic because they only made five hundred automatics that year. I have been told by everyone that has met me that I am a very classy lady. My truck is a 4-cyclinder engine that is very thrifty on gasoline. Put twenty dollars of gas in the tank
Premium Truck Pickup truck Internal combustion engine
Three words that best describe me are ambitious‚ diligent‚ and considerate. I have always had this sense of ambition to push myself and be the best version of myself that I can possibly be. This began in the first grade when I decided to win the county spelling bee by spending countless hours studying the phonetics and spelling of words that students even four grades above me did not know. Then it intensified as I spent a whole school year in Palestine‚ and ended up receiving the top mark in my whole
Premium High school Education School
OTHER AUTHORITIES ANILESHTEWARI B.A.LL.B(Hons) 4TH SEM Page | 1 TABLE OF CONTENT Introduction to OTHER AUTHORITIES with reference to Article 12. Brief synopsis of the term OTHER AUTHORITIES Other Authorities. Ajay Hasia Case. Some of the NON-STATUTORY BODIES which have been held to be ‘AUTHORITIES’ within the meaning of Article 12. The National Commission to Review The Working Of The Constitution 2002. Conclusion Page | 2 ACKNOWLEDGEMENT I would
Premium Government of India Constitution of India Government