'Implied authority' diaporamas de présentation

PREPARED BY: MADAM NORAZLA ABDUL WAHAB

LAW OF PARTNERSHIP . PREPARED BY: MADAM NORAZLA ABDUL WAHAB . PARTNERSHIP. The relevant statue applicable- Partnership Act 1961. Definition. Section 3(1) Partnership Act 1961 Partnership is the relation which subsist between persons carrying on business in common with a view of profit.

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Agency

Agency. (Establishment and scope of the authority of the agent). (1) The principal’s grant of authority to an agent may be express or implied. (2) The agent has authority to perform all acts necessary in the circumstances to achieve the purposes for which the authority was granted.

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Partnership

Partnership Def: s. 3(1) PA: a relation wh. subsits between persons carrying on a business in common with a view of profit

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Chapter 15

Chapter 15. Legal and Ethics. Legal Authority of the Buyer. Actual authority Express authority includes the acts that the agent is expressly and directly authorized to perform

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Chapter Nine. Third Parties/Secured Transactions

Chapter Nine. Third Parties/Secured Transactions. After reading this chapter, you will be able to: Analyze whether a contract has been formed Explain factors that affect formation

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PARTNERSHIP ?

PARTNERSHIP ?. It is the relationship between persons who have agreed to share the profits of a business carried on by all or any of them acting for all It is not a separate legal entity It must be for some lawful business The contract may be written or oral

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What is Agency?

What is Agency?. Agency -relationship in which one person represents another in making contracts. Principal -one who authorizes an agent to make contracts Agent -the person authorized to alter a legal relationship

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Fundamental of agency law (chapter-2)

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A proposal can be revoked otherwise than by communication

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Appropriation is a right primarily of the debtor and for his benefit.

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Describe the law relating to the ‘right of resale’ available to an unpaid seller

Assignment Solutions, Case study Answer sheets Project Report and Thesis contact aravind.banakar@gmail.com www.mbacasestudyanswers.com ARAVIND – 09901366442 – 09902787224

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Describe the rules relating to passing of property in the sale of goods.

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Discuss the term ‘Continuing Guarantee’. How can it be revoked

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Distinguish between (i) Sub-agent and Substituted Agent (ii) Sale, Bailment and Pledge

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Distinguish between the following (i) Succession and Assignment.(ii) Contract of Indemnity and Contract of Guarantee.

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Distinguish between i) Novation and Alteration. ii) Liquidated damages and penalty

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Enumerate the acts which are not covered under implied authority.

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Explain the rights of a partner

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Right of stoppage in transit is an extension of the right of lien

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BUSINESS ADMINISTRATION. BUSINESS COMMUNICATION. BUSINESS LAW. ARAVIND 9901366442.pdf

BUSINESS ADMINISTRATION. BUSINESS COMMUNICATION. BUSINESS LAW. ARAVIND 9901366442.pdf

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