The Disclosure of Principal

The process of how the disclosure scheme is constructed, by whether the decision has been made to produce as to whom it is necessary to disclose the information to the person. The disclosure should only be given to those who need the information to be able to safeguard the child from

Read the disclosure statement found below or on the Foundations website carefully and answer the questions below. You will need a calculator to complete the activity. Upload your answers to Black Board.

An agency relationship is fiduciary [good faith] in nature, and the actions and words of an agent exchanged with a third party legally bind the principal.

The full disclosure principle states that any future event that may or will occur, and thatwill have a material economic impact on the financial position of the business, should be disclosed to probable and potential readers of the statements. Such disclosures are most frequently made by footnotes. For example, a hotel should report the building of a new wing, or the future acquisition of another property. A restaurant facing a lawsuit from a customer who was injured by tripping over a frayed carpet edge should disclose the contingency of the lawsuit. Similarly, if accounting practices of the current financial statements were changed and differ from those previously reported, the changes should

There is also the concept of secondary liability. This means that if, for example, an employment agency

D) an agent who discloses only the name of his or her principal in a transaction

Because there are more people that are able to enter into a contract, being help accountable for someone else's actions may prove to be frustrating.

* The liability does not fall on one individual instead it is assumed by the business in a corporation. Individuals representing the company can still be personally sued in some states.

u. P2) This implies that the seller who intends to enter a contract with a customer has a duty to disclose exactly what the customer is buying and what the terms of the sale are.

3. In this situation the agent acted without authority. While Cost Club may be liable, the agent is then liable to Cost Club as he failed to receive authorization from us when he made the decision to enter into the contract. The agent is responsible for any damages if this contract is unable to be terminated.

fraudulent representation, identity of the person making the representation and what was obtained as a result of the fraudulent act or representations.

Please provide clarification with respect to the attached disclosure. Specifically, pursuant to the regulation requirement below and how the disclosure is delivered to the borrower. Is the disclosure delivered via secured email and is there a process in place wherefore you receive confirmation once the borrower is in receipt of the disclosure? Please advise.

Limited liability partnership (LLP): Owners are not liable for debts, obligations or other liabilities of the partnership which are a direct result of negligence, wrong acts or malpractice of an agent, employee or partner of this partnership (Bhattacharyya. A.K., 2011, p.5). However, a partner will still be liable for negligence, wrong acts or malpractice conducted by an agent, employee or partner who is under his / her direct supervision.

Confidentiality Agreement The undersigned reader ac knowledges that the information provided by _______________ in this business plan is confidential; therefore, reader agrees not to disc lose it without the express written permission of _______________. It is ac knowledged by reader that information to be furnished in this business plan is in all respec ts confidential in nature, other than information which is in the public domain through other means and that any disc losure or use of same by

The principle of vicarious liability is very controversial as it is quite broad, and the fact that personal fault on behalf of the employer is not required means that it is sometimes more difficult to attribute blame on big companies or corporations than individuals. However, there are many aspects of vicarious liability that make it suitable for its use. In nearly every case the employer is in the best position financially to compensate a claimant as they always have the ‘deepest pocket’. The whole purpose of the law of tort is to compensate the victims, the resources in question that enable the employer to have the ‘deepest pocket is provided through insurance.