methods are as follows....
1- Agency by consent
Consent may be express or implied. An agency can be expressly created either orally or in writing. There is
only one exception to this, which is that if the agent is to execute a deed on the principal's behalf (for
example a conveyance of land or a lease exceeding three years) then the agency must be created by deed.
Essentially this means that the agent is given a power of attorney.
2-Agency by estoppel (or 'holding out')
Agency by estoppel arises by operation of law and is no less effective than an agency expressly created. It arises
` When the words or conduct of the principal give to a third party the impression that the
person who purports to contract with the third party is the agent of the principal, and
` The third party, as a result, acts upon this.
The principal is 'estopped', or prevented, from denying the existence of the agency
3-Agency of necessity
An agency of necessity is another way in which an agency can arise by operation of law. Its origins can be
found in mercantile law, and in shipping law in particular. It may arise where a person is faced with an
emergency in which the property or interests of another person are in imminent jeopardy and, in order to
preserve that property or those interests, it becomes necessary to act for that person without his
authority. An agency of necessity probably only applies where there is already some existing contractual
relationship between the parties, as the law is highly unlikely to allow a person to be bound by the act of a
complete stranger.
4-Ratification
In certain circumstances the relationship of principal and agent can be created or extended with
retrospective effect, that is, once the contract has been entered into by the agent and third party.
Ratification only validates past acts of the purported agent. It gives no authority for the future.
Thus, where A makes a contract on behalf of P at a time when A has no authority from P, P may later ratify
the contract. This will have the retrospective effect of establishing an agency as at the time the contract was
made. All parties are then in the same position as if the principal had been the original contracting party, ie
the principal may sue or be sued by the third party and the agent no longer has any liability.
which of the following methods is effective in controlling balance of payments ?
A model's relationship with his/her agency is very important. The agency is responsible for creating a marketable image for their models as well as notifying the models of upcoming castings and preparing them for booked work. Models are typically assigned model bookers who become their go-to person for all things relating to their modeling career.
bhad mein jaa
The present stock value evaluation is one of the methods of share valuation which does not use CAPM.
It is important to have your costs and costing methods in order. This will ensure that your money is being well spent.
A factory class is any class which is used to create instances of other classes. The methods which create those classes are the factory methods. For example, the BorderFactory class has a variety of methods for creating instances of the different types of the Border classes. BorderFactory.createEmptyBorder(); BorderFactory.createEtchedBorder(); ...
Your mums legs
nsf
free peace
it can't i have tried every different and obsceure methods on the internet, other than creating a hackintosh, ichat is impossible on a dell
different methods of paragraph development
There are three different methods /functions in java are there : 1)computational methods.2)manipulative methods.3)procedural methods.
Static methods or class methods are usually used when you want functionality to be executed without creating an instance of the class where that piece of code resides.
Chromatographic techniques are methods of chemical analysys.
There are different methods for different sports ! Common method is exercising.
enumerate the different methods in preserving food
Wasp Barcode Technologies provide various methods of creating and monitoring products with different barcodes. The systems they offer are for both commercial and industrial applications.