Question

1. Explain the meaning of a dual agency

2. Define the law of agency

3. How can real property become personal property

4. What are trade fixtures

5. Explain the meaning of a power of attorney

6. What are the arguments for Corporate Social Responsibility (CSR)

7. What are the arguments against CSR

8. Are whistleblowers heroes or disloyal employees?

9. Why are philanthropic responsibilities important to the firm

10. What are the existing statutory legal responsibilities of directors with respect to CSR activities

Answer 1

ANS 1. DUAL AGENCY MEANS THAT THE SAME AGENT OF REASL ESTATE REPRESENTS BOTH THE BUYER AND THE SELLER IN A TRANSACTION. HE HAVE TO BE NEUTRAL AND KEEP ALL THE INFORMATION CONFIDENTIAL FROM EACH ANOTHER.

ANS 2. IT IS LAW UNDER WHICH ONE PARTY HAS LEGAL RIGHT TO ACT IN PLACE OF ANOTHER. IT MAINLY INCLUDES RELATIONSHIPS OF AGENT-PRINCIPAL. IT DEALS WITH CONTRACTUAL, NON CONTRACTUAL FIDUCIARY AND QUASI-CONTRACTUAL RELATIONSHIP AMONG AGENT AND PRINCIPAL.

ANS 3. REAL PROPERTY BECOMES PERSONAL PROPERTY WHEN ITS OWNERSHIP IS ACQUIRED FROM THE LAND.

ANS 4. PIECES OF PROPERTY THAT IS USED BY TENANT FOR HIS BUSINESS AND IS ATTACHED TO LAND OR BUILDING. FOR EXAMPLE: AIR CONDITIONERS, SHIPPING CONTAINERS ETC.