Chapter 31: Agency Formation and Duties • Agency – a relationship between two parties in which one party (the agent) agrees to represent or act for the other party (the principal) Section 1: Agency Relationships • The Restatement (Second) or Agency (an authoritative summary of the law of agency) defines agencies as fiduciary relationships • Fiduciary – (adj) involving trust and confidence • Agency relationships commonly exist between employers and employees • Agency relationships can also
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y 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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THE NATURE OF AGENCY RELATIONSHIP The need to appoint another person to perform one act or another on one’s behalf assumes greater proportion daily. This is so because of the rapid economic developments that has taken place in the recent years. A party may want to do many things but because of lack of time or expertise‚ he is compelled to appoint another person to act on his behalf and whatever that other person does will be binding on him. The question is: ‘Who is an agent?’ An agent is one who
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Law of Agency WHAT IS AN AGENCY? Sec 135 of Contract Act‚ agency is the relationships which subsists between the principal and the agent who has been authorized to act for him or represent him in dealings with others. WHO CAN BECAME A PRINCIPAL OR AGENT? Any person who is 18 years old and above and who is of sound mind may be principal. As between the principal and third persons‚ any person can became an agent. BUT persons of unsound mind and who are below 18 years are not liable towards their
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Here are the salient features of Republic Act 8792: It gives legal recognition of electronic data messages‚ electronic documents‚ and electronic signatures. (section 6 to 13) Allows the formation of contracts in electronic form. (section 16) Makes banking transactions done through ATM switching networks absolute once consummated. (section 16) Parties are given the right to choose the type and level of security methods that suit their needs. (section 24) Provides the mandate for the electronic
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Law Enforcement Today Tammy Goodwin CJI/200 December 09‚ 2012 Michael De Franco Law Enforcement Today Law Enforcement Today There are a lot of problems in today’s police departments. Starting with the closings of many police stations‚ which are being replaced
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History and Role of Law Enforcement in the Society 2 In some societies‚ in the late 18th century and early 19th century‚ these developed within the context of maintaining a layered social structure and the protection of property. In the United Kingdom in the late 18th century: The modern police department was born out of...the desire of the wealthy to restructure ... society. The swelling population of urban poor‚ whose miniscule [sic] wages could hardly sustain them‚ heightened
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Abstract The analysis of the ethical decision making process in law enforcement agencies has been the subject of numerous research articles in the past several decades. The following research project uses a non-experimental design to collect and analyze the responses of police officers in a suburban agency‚ to survey items that attempt to measure officer perceptions of the seriousness of specific ethically problematic behaviors. Xxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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today’s society‚ law enforcement officers are faced with many issues. Different issues can arise in any level of the law enforcement agencies. One of the main things to help with the issues is for officers to be trained to the best of their ability. Each level of law enforcement is linked in one way or another. In this essay‚ I am going to explain some of the issues that the police department are facings in today’s society. Describe how the local‚ state‚ and federal law enforcement agencies currently interact
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1.1 billion and 500 million users‚ respectively” (NCCPSAFTEY). Because of these changes in technology law enforcement has to constantly develop new strategies for effective policing and they have to transform contemporary strategies. This easy access to news information can be
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