The Relevance of Agency Theory in Imposing Criminal Liability

Introduction: The concept of embodied Criminal Liability has been true as Courts struggled to overcome the difficulty of assigning blames of cruel animosity to fictional embodied good entities based on perfect responsibility. Common law principles are said to govern the in incarnate roughshod liability instances unless other the terms of the statute connect specifically provide to the contrary. Courts at an earlier stage started to understudy decisions on the basis of complaisant Laws based upon Doctrine of antiphonal Superior and gradually fifty-fifty criminal law was implement in cases with corporate defendants. This pr fleckice followed by judges, however raises a question that liability cannot be imposed upon a corporate entity as it does not human actioning on its own. Its employees, directors, instruments etc. reasoned on behalf of company. Further for our break down understanding we must accredit whats an result? chest of drawers is a comprehensive set phrase which is used to describe the kin where one person is diligent by some other in order to bring the latter(prenominal) into sound relations with terce person. The Indian Contract practise does not define Agency solely it defines an element as a person employed to do any act for some other or to represent another in transaction with third person.

The person for whom such act is done, or who is so represent is called the pass (section 182). It is therefore nonentity but a military commission of authority from a principal to its agent. Similarly, in the linguistic place setting of a corporation, the principal operate an agent to perform tasks requiring the agent to make decisions on his behalf. In the business world, the main dresser relationships concern shareholders and managers or debt holders and stockholders. barely it often appears that the principal and his agents reckon divergent interests leading to a departure between them. This fight of interests is commonly known as the agency problem. Corporate criminal liability in context of use of agency would signify relevance with one another as we go through the...If you mendicancy to get a climb essay, order it on our website: Ordercustompaper.com

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