KASNEB – CPA | CIFA | CS | CCP | CFFE | ATD Study Notes And Revision Kitss
LAW OF INSURANCE NATURE OF THE CONTRACT Insurance is an important part of modern life. Individuals and businesses take out insurance to protect themselves from loss that may occur due to damage to property or loss of life. What is Read More …
TERMINATION OF AGENCY An agency relationship may terminate in any of the following ways: – Agreement Where the relationship is consensual, the parties therefore may enter into a new agreement to discharge the agency. Their mind must be ad idem Read More …
AUTHORITY OF AN AGENT The principal is only liable if the agent was acting within the scope of his authority. Authority implies permission to do or engage in a particular act. It differs from power which is a legal concept. Read More …
AGENCY BY PRESUMPTION OR COHABITATION This is another category of agency presumed by law. It is presumed where a man and woman are living together in circumstances which portray them as husband and wife, the woman is presumed to be Read More …