Excerpt from Supplement No; 1 to Lecture Notes on Some of the Business Features of Engineering Practice
In notes previously prepared, the general subject of con tracts has been considered, and an attempt made to give in a not too technical form the general principles which underlie all agree ments. If these have been mastered it is now possible to proceed to a consideration of some special forms of contracts which the business or professional man is most frequently called upon to make. The general principles are common to all, but, in addition, each variety of contract gives rise to special rules, which must be considered.
One of the most common acts of everyday life is to delegate authority to another, for some more or less general purpose. A moment's consideration will disclose to anyone how frequent this act is. It is often done so casually as to escape notice, but from the act of sending a street urchin to buy a morning paper to the broad power of attorney which the multi-millionaire gives to his confidential secretary the principle is the same, and the two opera tions stand side by side before the law as the establishment of an agency. Let the terms which we are about to use be clearly defined.
A Principal is one who delegates to another the authority to represent and act for him.
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Paperback. Condition: New. Print on Demand. This book presents a concise and practical exposition of several essential business and legal concepts that professionals can implement to increase the efficiency of their day-to-day work. It details the principles of contract law, agency, partnerships, and negotiable instruments. The author's clear explanations and examples guide readers through crucial terminology, potential legal hazards, and useful strategies without overwhelming them with complex legal jargon. The opening section on contracts outlines the elements, types, and enforcement of legally binding agreements. This is followed by an exploration of agency, highlighting the roles and responsibilities of both principals and agents in professional contexts. The subsequent section on partnerships elucidates the structure, formation, dissolution, and liability aspects associated with this business structure. Finally, the book concludes with an examination of negotiable instruments, emphasizing their significance, essential elements, transferability, and the liabilities of endorsers. Throughout the book, the author emphasizes the importance of understanding the legal frameworks surrounding common business practices to mitigate risks, resolve disputes, and ensure smooth operations. By providing a firm grounding in these fundamental concepts, this guide empowers professionals to navigate the legal complexities of their work with confidence, enabling them to make informed decisions and safeguard their interests. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330062203_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330062203
Quantity: 15 available