selling and servicing an insurance policy. The agent does not assume any financial risk in the transaction. The function of the agent is to act on behalf of his principal in bringing about a contract between his principal and a third party. The relationship between principal and agent can arise in many ways, by contract under seal or in writing or verbal, by contract implied from the conduct or situation of the parties and by ratification. An agent such as a director has a lot of duties for the company
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governed by the established English law of contracts and Statute, the Employment Act. To be legally binding a contract of employment must therefore fulfil all the normal contractual requirements. (A) DETERMINATION OF THE EXISTENCE OF A CONTRACT OF EMPLOYMENT AND TERMINATION In order to determine and delineate employees from other contractual relations, the courts have devised tests to help identify employees: 1. THE CONTROL TEST This was the first test to be evolved. Under this test the greater the extent
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about the acquisition and disposal of a land, which is also a CGT asset, so it is in respect of Event A1, which describe disposal of a CGT asset(s 104-10) and Event D1, which specify in creating contractual or other rights(s 104-35). To be specific, the timing of acquisition, is when creating contractual or other rights, and in this case, it is 1 January 1986. Considered in FC of T v Sara Lee Household & Body Care (Aust) Pty Ltd 2000 ATC 4378, the timing of disposal is when entering into disposal
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there are very distinct differences in their culture and business. Canada’s communication patterns are low key. Reserve, understatement, diplomacy and tact are key attributes and contrast sharply with the more direct approach of many Americans (Business Structures in Canada and Doing Business in Canada, n.d.). According to Global Road Warrior (n.d.), Canadians prefer a direct approach and value building long-term business relationships. They may discuss and negotiate the terms of a contract, but
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Business Law Contract and negligence Done by: Name.............................................................................. College Id....................................................................... TABLE OF CONTENTS Question 1.1................................................................................page 3 Question 1.2.....................................................
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project; 2) different project types; and 3) difference among functional roles in the organizations. The order of importance of the performance criteria is: (1) time; (2) profit; 3) environment; 4) quality; 5) safety; 6) effectiveness; 7) no claims or contractual disputes; 8) job satisfaction; and 9) generation of innovative ideas. Timely completion of the project is the most important performance criterion, but it displays the highest deviation of the performance when compared with its importance. It implies
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|INTRODUCTION | | | |labor law intended to set the rules governing the legal and links related to the work done by a person for a fee for someone else , and under his| |guidance and his authority or supervision and control
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THEIR CONSUMERS FIRST 1.0 Introduction Nowadays, Malaysia has become one of the develop countries in the world. Many new things have been developed and improved in terms of business administration, economy, facility, technology, culture, education system, and so on. All of these things have a significant relationship with the law. People or organization has the right to be protected and the law have been created to make people’s lives more comfortable and peacefully. Laws have been used to
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electronic commerce involves the transportation of physical items in some way. Online retailers are sometimes known as e-tailers and online retail is known as e-tail. E-commerce or electronic commerce is generally considered to be the sales aspect of e-business. If we want to define a term e – commerce we can choose between various definitions. According WTO it is “production, distribution, marketing, selling and expedition of goods and services by using of electronical measures.” According the Commission
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The company has to find the market from where it can gain competitive advantage. For deciding on which market to enter, Porter five forces, as a framework for industry analysis can be a great help. This framework is very useful when it comes to business strategy development. Porter says that the nature and degree of competition depends on these five forces: threat of new entrants, bargaining power of customers, bargaining power of suppliers, threat of substitute products or services and the intensity
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