FREE BOOKS

Author's List




PREV.   NEXT  
|<   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   127   128   129   130   131   132   133   134   135  
136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   >>   >|  
clesiastical and Church Estates Commission, or may be temporary, such as various international bodies of inquiry, like the commission which met in Paris in 1905 to inquire into the North Sea incident (see DOGGER BANK), or such as the various commissions of inquiry, royal, statutory or departmental, of which an account is given below. A commission may be granted by one person to another to act as his agent, and particularly in business; thus the term is applied to that method of business in which goods are entrusted to an agent for sale, the remuneration being a percentage on the sales. This percentage is known as the "commission," and hence the word is extended to all remuneration which is based on a percentage on the value of the work done. The right of an agent to remuneration in the form of a "commission" is always founded upon an express or implied contract between himself and his principal. Such a contract may be implied from custom or usage, from the conduct of the principal or from the circumstances of the particular case. Such commissions are only payable on transactions directly resulting from agency and may be payable though the principal acquires no benefit. In order to claim remuneration an agent must be legally qualified to act in the capacity in which he claims remuneration. He cannot recover in respect of unlawful or wagering transactions, or in cases of misconduct or breach of duty. _Secret Commissions._--The giving of a commission, in the sense of a bribe or unlawful payment to an agent or employe in order to influence him in relation to his principal's or employer's affairs, has grown to considerable proportions in modern times; it has been rightly regarded as a gross breach of trust upon the part of employes and agents, inasmuch as it leads them to look to their own interests rather than to those of their employers. In order to suppress this bribing of employes the English legislature in 1906 passed the Prevention of Corruption Act, which enacts that if an agent corruptly accepts or obtains for himself or for any other person any gift or consideration as an inducement or reward for doing or forbearing to do any act or business, or for showing or forbearing to show favour or disfavour to any person in relation to his principal's affairs, he shall be guilty of a misdemeanour and shall be liable on conviction or indictment to imprisonment with or without hard labour for a term not exceeding two years,
PREV.   NEXT  
|<   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   127   128   129   130   131   132   133   134   135  
136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   >>   >|  



Top keywords:
principal
 

remuneration

 

commission

 

business

 

percentage

 
person
 
employes
 

payable

 
transactions
 

inquiry


forbearing

 

breach

 
unlawful
 

contract

 
implied
 

affairs

 
commissions
 
relation
 

agents

 

considerable


payment

 

employe

 

influence

 

Secret

 

Commissions

 

giving

 

employer

 

rightly

 

regarded

 

proportions


modern

 
passed
 

favour

 

disfavour

 

guilty

 
misdemeanour
 

showing

 
inducement
 

reward

 
liable

conviction
 

exceeding

 
labour
 
indictment
 

imprisonment

 

consideration

 
bribing
 

English

 
legislature
 

suppress