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Describe the principal-agent framework
In standard principal-agent framework an agent may be directed to maximize an objective function which may or may not be different from that of his principal. How can then principal or the government achieves the objective directing an agent delegated with authority, who is maximizing altogether an objective function other than that of the principal? The key insight is that the principal may find it optimal to act strategically when its agents themselves are acting strategically.
Order for compulsory liquidation: The Official Receiver also calls separate meetings of creditors and of contributories within one month of the order for liquidation: s.236.
State Article 15 of air and outer space law Article 15 states that any charges that may be imposed or permitted to be imposed by a contracting State for the use
Ratification of Corporate Acts: A number of English cases which are regarded as instances of lifting the veil are those relating to informal ratification by the members of act
QUESTION 1 Section 39 of the Public Procurement Act provides for cancellation of a bidding process in specific circumstances. State those circumstances and the implications of
when can implied condition can be treated as warrantee?
Explain the Law of the Sea Convention 1982 The Law of the Sea Convention 1982 did not create a new area of law, as laws governing the sea date back to the dawn of maritime his
MSc Finance and Management 2012-13 Ethics in Finance Ethics in Finance, Assessment Answer ALL THREE questions. This should be your own unaided work (this is an ethics assessmen
JURISDICTION According to Peter Stephen Du Ponceau, an international lawyer from Philadelphia, Jurisdiction, in its most general sense means; "The power to make, declare, o
Question: (a) Define democracy. How far is the famous saying of former president of USA, Abraham Lincoln valid today? (b) Argue the case for and against the introduction
Order of application of assets: The order of application of assets is therefore as follows: (a) secured creditors who have fixed charges are entitled to be paid out of thei
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