BUSINESS MANAGEMENT

Explain the Following formation of law of agency
Agreement
Implication
Necessity
Cohabitation
Estoppel

State four duties of an agent to his principal
State three rights of both the principal and agent

Explain Globalisation
State four causes of Globalisation
State and explain four effects of Globalisation

Explain the following as related to insurance contract
Subrogation
Contribution
Insurable interest
Proximate cause
Outmost good faith

State and explain four importance of insurance to the businessman
State four ways by which an insured may not be compensated

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