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If we go strictly as per the law the answer would be NO. However, law confers upon the agent the power to do things which even the principal would not be entitled to; under extraordinary circumstances. These can be situations in which public safety is involved, in avoiding some natural calamity, to promote a greater good, etc.
The exceeding powers are very limited and are available for exercise only in unforseen or uncontrollable circumstances.
What else can I help you with?
What is an added melody above given melody?
DescantA contrapuntal or decorative melody superimposed ABOVE another (the principal) melody is a descant. In this sense, "above" means higher in pitch - that is, the counterpoint melody is higher in pitch than the principal melody.The term derives from Middle English dyscant,Anglo-French & Medieval Latin; Anglo-French descaunt,from Medieval Latin discantus, from Latin dis- + cantus song.See the related links below.
What is higher than so and mi in music?
higher than mi in music fa, so, la, ti and do higher than so in music is la, ti and do hope that answers your question :)
Is alto saxophone higher or lower than baritone saxophone?
Higher
What is a note on semitone that is higher than g?
One semi-tone higher than G is G sharp (G#)
What has a higher pitch clarinet or flute?
Flutes are much higher than clarinets.
When would the aided in the agency theory likely be asserted?
The agent in the agency theory would likely be asserted when there is an issue of conflicting interests between the principal (shareholders) and the agent (management). This is common in situations where the agent has more information or authority than the principal, leading to potential agency problems such as moral hazard or adverse selection.
What is higher than a agent?
a director is higher than an agent. hope this helped!
Why is my interest higher than my principal?
Your interest is higher than your principal because interest is calculated as a percentage of the principal amount, so as time passes, the interest accumulates and adds to the original principal, resulting in a higher total amount.
What are different kind of agencies and classification of agents in business law?
Agents are classified in various ways according to the point of view adopted. From the viewpoint of the authority they have, they can be classified as special agents, general agents and universal agents. They are classified as mercantile or commercial agents and non-mercantile or noncommercial agents. There are different various types of kind agents are as follows.(a.)Sub-Agent:Sub-agency denotes delegation of power by an agent to a person appointed by him as sub-agent. Incidentally the agent himself is delegate of his principal. The principal is that 'a delegate cannot delegate'. According to this, a person to whom powers have been delegate cannot delegate them to another. Section 190 of the Act. Contains this principle. Generally, an agent cannot lawfully employ another to perform acts, which he has expressly. But, if by the ordinary custom of trade, a sub-agent may be employed, the agent may to do so.A sub-agent, according to section 191, is a person whom the original agent employs in the business of the agency and who under the control of the original agent. Thus the relation of the sub-agent to the original agent is, as between themselves, that of the agent and the principal.We shall now discuss the Impact of the appointment of a sub-agent from the following two angles:-(i.)In case of proper appointment: The agent is responsible to the principal for the acts of the sub-agent. Thus, a commission agent for the sale of goods who makes a proper employment of a sub-agent for selling his principal's goods is liable to the principal for the fraudulent disposition of the goods by sub-agent within the course of his employment.(ii.)In the case of appointment without authority: In term of Section 193, the principal is not bound by the acts of the sub-agent, nor is the sub-agent liable to the principal. The agent is the principal of the sub-agent both to the principal and the third party.(b.) Substituted Agent:Substituted agents are different from sub-agents. Section 194 provides that substituted agents are not sub-agents but are in fact agents of the principal. Suppose an agent has an implied authority to name another person to act for the principal in the business of the agency, and he has named another person accordingly. In the circumstances, such a named person is not a sub-agent he is an agent of the principal for such part of the business of the agency as has been entrusted to him.For Example: A directs B who is a solicitor to sell his estate by auction and to employ an auctioneer for the purpose. B names C, an auctioneer, to conduct the sale. In such a situation, C is not sub-agent, but is A's agent for the sale.(c.) Special Agents:A special agent is also known as a specific or particular agent. Such agent appointed to perform a particular work or to represents his principal in particular transaction only. As soon as the said period lapses, the agency stands terminated. Specific agents have a limited authority and as soon as the entrusted to him is performed, his authority also comes to an end. A special agent cannot bind his principal in any act other than for which he is specially appointed. If he dose anything outside his authority, his principal cannot be bound by it. The third parties that deal with a special agent must ascertain the extent of the authority he has.(d.) General agents: This type of agents has a general authority to do everything in the course of his agency and he has to perform all the acts in the interest of his principal. Thus, a general agent is one that ahs authority to do all acts connected with the business of his principal. A manager of a branch shop of a firm or a commission agent is instances of general agents. General agents have an implied authority to bind his principal by doing various acts necessary for carrying on the business of his principal. Sufficiently wide powers are vested in him to affect the business deals, enter into trade bargains, to make purchases and also payments of the purchases, to receive money on behalf of his principal.(e.) Universal Agent: A universal agent has a universal or an unlimited power to act on behalf of his principal. A universal agent is one whose authority is unlimited and who can do any act on behalf of his principal provide such act is legal and is agreeable to the law of land. A universal agent is practically substituted for his principal for all those transactions wherein his principal cannot participate.For Example: When a person leaves his country for a long time, he may appoint his son, wife or friend as his universal agent to act on his behalf in his absence.(f.) Co-Agents:When a principal appoints two or more persons a agents jointly or severally, such agents are known as co-agents. Their authority is joint when nothing is mentioned about the exercise of their authority. It implies that all co-agents concur in the exercise of their authority unless their authority is fixed. But when their authority is several, any one of the co-agents can act without the concurrence of other.(f.) Auctioneers: An auctioneers is a mercantile agent who is appointed to sell goods on behalf of the principal i.e., seller and for this function, an auctioneer get a reward in the form of a commission. An auctioneer conducts auction on behalf of a seller, as he is primarily the agent of the seller. However, after the sale, he also becomes of the purchaser who gives the highest bid. An auctioneer has no authority to self-the goods of his principal by private contract or contracts.Besides the above mentioned agents, there are other types of agents also such as brokers, bankers, clearing agents, forwarding agents, underwriter, estate agents, etc. They also play an important role and perform various functions for and on behalf of their principals.
What is the definition of higher authority?
A person or some people that has more authority than you or has authority over you.
Why is interest higher than principal in a loan repayment?
Interest is higher than principal in a loan repayment because it is the cost of borrowing money from a lender. The lender charges interest as a fee for allowing the borrower to use their money, and this fee is calculated as a percentage of the remaining principal amount owed. As the loan is repaid, the interest is calculated on the remaining principal balance, which is why interest payments can be higher than the principal amount initially borrowed.
Which is higher in distinction - honor roll or principal's list?
Typically, being on the principal's list is considered a higher distinction than being on the honor roll. The principal's list usually requires higher academic achievement, such as a higher GPA or specific performance criteria, compared to the honor roll.
What are the causes of principle agency problems?
Principal-agent problems arise when there's a conflict of interest between a principal (e.g., shareholders) and an agent (e.g., management) tasked with acting on the principal's behalf. Key causes include differing objectives, where the agent may prioritize personal goals over the principal's interests, and information asymmetry, where the agent possesses more information about the situation than the principal. This misalignment can lead to inefficiencies and suboptimal decision-making. Additionally, lack of proper incentives or monitoring mechanisms can exacerbate these issues.
Why is my interest payment higher than my principal payment?
Your interest payment may be higher than your principal payment because the interest is calculated based on the remaining balance of the loan, which is typically higher at the beginning of the loan term. As you make payments, the principal balance decreases, resulting in lower interest payments over time.
Do homeowner associations have higher authority than city law?
No
Who is the higher in authority than the cardinal archbishop of Mumbai?
The pope outranks him.
Is Manager higher than Director?
No, A Director has more authority over a manager.
