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LSTD Ch. 10 Contract

Ved Alain Garrido

Validity and Reliability

Ved Kristine Komorowski

Requirement Gathering Checklist

Ved दिपक पट्टनशेट्टी

Competitive advantage 2

Ved Ore Omisore

Agents Duties to Principle>>> <<

Safe Working Environment

the common law states that the principle is required to provide safe working premises, equipment, and conditions for all agents. The principle also is bound to the Duty to inspect all work areas and to warn agents of safety hazards.

Cooperation

the principle has a duty to cooperate with the agent in assistance of performing their duties.The principal must not do anything to prevent the performance of the agents to fulfill their duties.

Indemnification

Reimbursement

provides compensation for any funds disbursed by the agent to perform reasonable duties of the agency. also to indemnify for liabilities incurred to the agent for lawful acts or transactions of the principal.

Compensation

Principle has a duty to pay upon reasonable compensation of what is agreed or customary to services provided, if an service is requested of the agent.

Accounting

unless otherwise stated, the agent has a duty to keep a record of all funds and property received and paid out on behalf of the principal. otherwise failure to account

Obedience

the agent has a duty to follow all lawful and clearly informed instructions of the principle, and under duty to obedience is required to fulfill all reasonable duties in good faith and under reasonable circumstance. otherwise breach of duty

Loyalty

fundamental to the fiduciary relationship is the sole loyalty to the principle and not to the benefit of self, or a third party. otherwise breach of loyalty.

Notification

under the Duty to notification, an agent is required to notify the principle of all subject matters portraying to the agency, because the law states that theprinciple assumes notification to the agent, is notification to the principle. otherwise failure to inform, or notify.

Performance

an implied condition to agree to a reasonable diligence of skill in performing work.--expected to express a degree of skill claimed. otherwise breach of agents duty.