Express or Implied Authority

Agency law is a relationship between a principal and in agent in which the agent is legally authorized to act on the behalf of the principal.

The essays that comprise Traditional Classics on Leadership present varying notions of authority and of challenging authority. This is largely due to the fact that this manuscript is comprised of essays from 31 contributors, ranging from well-known political theorists to some of the more salient voices for individuality that the world has known. Still, there are some points of commonalities in these essays that present a synthesized viewpoint of the concept of challenging authority.

In the matter of Sydney Project Group Pty Ltd (Administrators Appointed) (Receivers and Managers Appointed) and S.E.T. Services Pty Ltd (Administrators Appointed) (Receivers and Managers Appointed) [2017] NSWSC 881 (30 June 2017) (‘SPG and SET’) concerns the events involving plaintiffs Michael Hogan (H) and Christian Sprowles (S). Salim Mehajer (M) is the sole shareholder of both Sydney Project Group Pty Ltd (SPG) and S.E.T. Services Pty Ltd (SET). M appointed Kenneth Lee (L)

Agent- A person who is employed to represent another while dealing with a third party.

* Some people who work for businesses or other types of organizations have the capacity to bind the organizations to contracts.

Case Comment: John Michael Malins v Solicitors Regulation Authority [2017] EWHC 835 (Admin) 2017 WL 01339062

With reference to the Counsel for the Applicants’ submissions in respect of section 32 of the Partnership Act 1891 (Qld), it was held that this section did not apply as the parties to the partnership were not Mr James and Mr Meyer. Section 32 would only apply to the given situation if the parties to the partnership were Mr Meyer and MGM. Further reference was also made to the fact that consideration was not given as to whether Mr Meyer had profited from his interests in MDLA 415, in turn were held on behalf of MGM, on behalf of the partnership.

In this case, Kallessi Mc Tavish is the principal, Maya Stork is the agent and the new suppliers are the third party. Firstly, this is a case of ratification as all the requirements of ratification are met, i.e. there is a clear principal in existence. This requirement can be contradicted with the case of Kelner V Baxter 1866 LR 2 CP 174, where the directors ordered goods before the company was even formed and so could not be held to pay for the goods. Principal is in capacity. Ratification is timeous and can be contradicted with the case Goodall V Bilsland 1909 SC 1152, where the solicitor had 10 days to appeal against a license renewal of a wine merchant and won the case but the wine merchant appealed against this as the solicitor didn’t

The New South Wales Court of Appeal permitted the organisation 's appeal and reasoned that the spouse had gone about as the wife 's operators in the property 's exchange. The Court in this way held that both the

This essay will discuss the Supreme Court decision in FHR European Ventures LLP and others v Cedar Capital Partners LLC (Cedar) . The issue in this case was whether a bribe or secret commission accepted by an agent is held on constructive trust for his principal. This topic is a “relentless and seemingly endless debate” , as Sir Terence Etherton described, and that the “remedy awarded has vacillated for the last 200-odd years” . The major reason for the debate is because the principal will have propriety claim as opposed to a mere equitable compensation, if the bribe or commission is held on a constructive trust . The principal will be in a much more advantageous position if he was held to have propriety

The impact of Williams v Roffey Bros & Nicholls (Contractors) Ltd [1989] EWCA Civ 5 on the doctrine of consideration.

Conflicts between stockholders and creditors Conflict between shareholders and creditors is common for the company which use debt capital to form an optimum capital structure. As mentioned earlier, agency relation exist when one party works as an agent of the principal. In an organization management

Agency issues arise when one party (principal) gives another party (agent) an authority to act on his behalf. In this context, the principal is the investor while the professional hedge fund

Although the agent is limited by actual authority, the principal is still bound by the acts of the agent where in the case of Waugh v H.B. Clifford & Sons Ltd [1982] 1 Ch 374, it was held that the client has to be bound by the compromise entered into by the solicitor even though the client did not want to compromise.

Introduction: In this assignment I will go over a few legal terms in relation to contract law. I will also talk about a few precedents that help explain the law.