RICH Technologies Uganda employs Derick as their agent for distribution and sale of their computers. The...

 

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RICH Technologies Uganda employs Derick as their agent for distribution and sale of their computers. The agency agreement provides that the agency will last for a period of two years commencing 1st January 2022 and that Derick will receive a commission of 5% on every computer sold. Expound the commitment of RICH Technologies and Derick in the effective management of their contract. (13 marks) "Business law is the subject that describes the multiple business elements. It talks about the fundamental rules and guidelines that every business person or company needs to follow hence need for all students like you to understand it well" Make a clear rationalization of the above narrative. (12 marks) RICH Technologies Uganda employs Derick as their agent for distribution and sale of their computers. The agency agreement provides that the agency will last for a period of two years commencing 1st January 2022 and that Derick will receive a commission of 5% on every computer sold. Expound the commitment of RICH Technologies and Derick in the effective management of their contract. (13 marks) "Business law is the subject that describes the multiple business elements. It talks about the fundamental rules and guidelines that every business person or company needs to follow hence need for all students like you to understand it well" Make a clear rationalization of the above narrative. (12 marks)

Answer rating: 100% (QA)

Answer A Contract of agency i It can be defined as a relationship between two parties wherein a party has authority to act on behalf of another and bi... View the full answer