CHECK THESE SAMPLES OF The Duties Owed by Agents to Their Principals
Introduction The acts of an agent will be obligating a principal if such act falls within the agents ‘real or ostensible or apparent authority.... As regards to express authority,there will be no issues as everything will be explained or predetermined.... An ostensible authority will occur when if the authority has been conferred on the agent, even if such authority is not bestowed upon him by express words....
7 Pages
(1750 words)
Essay
Just to illustrate further, the shareholders may be risk-averse while the management is risk-neutral, which means the management is incentivized to make risky decisions against the will of their principals.... The principal model guides agency relationships where the shareholders, otherwise known as the principals, delegates duties to the agents to act on their behalf.... In this article, Ribstein (2002) argues that since principals do not directly participate in the daily decision-making process, they lose the ability to influence the practice on how decisions are made....
15 Pages
(3750 words)
Essay
In order to advise ADC of their rights and obligations, it is important to focus on the effect of contract made by the agent Andrew, his status in terms of authority based on agreement, his duties towards the principal and his right towards the third party.... The scope here is primarily to evaluate understanding a specific case as described in the following section and offer necessary advise to ADC, one of the parties involved based on applicable laws and legal liberty....
14 Pages
(3500 words)
Case Study
Indeed, this is so because a limited company can only act through its human agents,1 whether through its own directors, employees or through independent agents.... 8, 1993 Commercial agents (Council Directive).... I would advise Iffy that the agency agreement between them and Victor binds both of them to the following consequences, in terms of rights and duties expressly imposed by law, jurisprudence and regulations:Iffy must remember that Victor has the following rights against them, which rights Victor can enforce in the proper judicial forum....
13 Pages
(3250 words)
Essay
These transactions are concluded by the managers on behalf of the company since the legal entity is not a person and needs agents to carry out these duties for it.... This essay explores how to determine that the managers are acting in the best interest of the shareholders.... One way is to read the annual financial results that reveal the results of their efforts in realizing profit and value for the owners of the company....
8 Pages
(2000 words)
Essay
He focuses on the effect of contract made by the agent Andrew, his duties towards the principal and his right towards the third party.... In the paper 'Agency and Partnership Law' the author evaluates a specific case, where one of the parties involved based on applicable laws and legal liberty....
15 Pages
(3750 words)
Essay
n the model case involving an existing accounting firm, the principals are the owners (partners) of the firm who determine the work needed to be done by the agents), while the agents are in most part the employees of the firm (who undertake to do the work entrusted to them by the principal in return for a financial benefit).... Employment contracts comprise the main technique to reorganise incentives to agents (employees).... In another relationship, the principal (firm) interacts with other agents – debtors of the firm (who undertake to pay the monetary value in return for the accounting work done for them by the firm)....
6 Pages
(1500 words)
Essay
These transactions are concluded by the managers on behalf of the company since the legal entity is not a person and needs agents to carry out these duties for it.... According to the paper 'Poor Customer Service', business has become complex and large and is now spread over vast geographical areas....
8 Pages
(2000 words)
Essay