ADM 3360 Lecture Notes - Lecture 9: Costco, Extraordinary Measures, Swarovski
6 Oct 2017
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Want to increase for health benefits of students. Have been running a deficient for the past 7 years. Maximum option of increasing by 8% per year. 80,000- get paid few courses, phones, parking, travelling, entertainment) 250k) if under 90%, pay in proportion to what is insured. Example: if there is a 100k claim for damage: 90% insured- get paid in full, 50% insured- get only 50k. Chapter 13: agency fundamental concept that is vital in law. Creation of agency (1) agency by agreement. Created because there is a spelled out relationship so an agreement is made. Ex. asking an employee to prepare a speech for tomorrow"s discussion (2) agency by ratification. Where an agent will ratify the excess of authority of an agent. Does the person have the authority to make certain decision? (3) agency by estoppel there is a relationship that is created when the principal acts with outsiders concluding that an agency relationship exists.
