Supplement No, 1 to Lecture Notes on Some of the Business Features of Engineering Practice (Classic Reprint)

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Excerpt from Supplement No, 1 to Lecture Notes on Some of the Business Features of Engineering PracticeIn notes previously prepared, the general subject of con tracts has been considered, and an attempt made to give in a not too technical form the general principles which underlie all agree ments. If these have been mastered it is now possible to proceed to a consideration of some special forms of contracts which the business or professional man is most frequently called upon to make. The general principles are common to all, but, in addition, each variety of contract gives rise to special rules, which must be considered.One of the most common acts of everyday life is to delegate authority to another, for some more or less general purpose. A moment's consideration will disclose to anyone how frequent this act is. It is often done so casually as to escape notice, but from the act of sending a street urchin to buy a morning paper to the broad power of attorney which the multi-millionaire gives to his confidential secretary the principle is the same, and the two opera tions stand side by side before the law as the establishment of an agency. Let the terms which we are about to use be clearly defined.A Principal is one who delegates to another the authority to represent and act for him.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.