1. PLEASE ANSWER QUESTION 7 on page 385 & Taking Sides on page 387 2. Describe an Agency that you have encountered, examples may include Real Estate Agent, Insurance Agent, Talent Agent, Managing Agent, Sales Agent, Rental Agents etc. a. What is the role of that agent, who is the principal? b. Thinking back, who was that agent loyal to? c. Did the transaction go well? Question 7: In October 2012, Black, the owner of the Grand Opera House, and Harvey entered into a written agreement leasing the Opera House to Harvey for five years at a rental of $300,000 per year. Harvey engaged Day as manager of the theater at a salary of $1,175 per week plus 10 percent of the profits. One of Day's duties was to determine the amount of money taken in each night and, after deducting expenses, to divide the profits between Harvey and the manager of the particular attraction that was playing at the theater. In September 2017, Day went to Black and offered to rent the Opera House from Black at a rental of$375,000 per year, whereupon Black entered into a lease with Day for five years at this figure. When Harvey learned of and objected to this transaction, Day offered to assign the lease to him for $600,000 per year. Harvey refused and brought an appropriate action against Day. Should Harvey recover? If so, on what basis and to what relief is he entitled? When Black entered into a five-year lease agreement with Harvey, he was under obligation not to self-deal the opera house or not to compete.