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Brief statement of legal principles
Brief statement of legal principles - Trends
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" Imagine the smile I had this morning when I read about a recent Tennessee appellate court decision about pass-through claims against the State. In Kay and Kay Contracting, LLC v. Tennessee Dep't of Transportation (pdf), the contractor entered into a $10.2 million contract with TDOT for the construction of a new bridge on Interstate 75. The contractor then entered into a $3.1million subcontract with the grading and excavation subcontractor. Problems occurred during performance and both the contractor and subcontractor filed claims against TDOT for additional compensation. ...
Agency is an area of Commercial law dealing with a contractual or quasi-contractual tripartite set of relationships when an Agent is authorised to act on behalf of another (called the Principal) to create a legal relationship with a Third Party. This branch of law separates and regulates the relationships between: Agents and Principals; Agents and the Third Parties with whom they deal on their Principals' behalf; and Principals and the Third Parties when the Agents purport to deal on their behalf. The common law principle in operation is usually represented in the Latin phrase, qui ... Read More
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