Question: reasons for your choice. QUESTION 3 Identify and explain the duties of the following: a. The principal in the law of agency. b. The agent

reasons for your choice. QUESTION 3 Identify and

reasons for your choice. QUESTION 3 Identify and explain the duties of the following: a. The principal in the law of agency. b. The agent in the law of agency. c. The lessor in a contract of lease. d. The lessee in a contract of lease. 1. List and briefly explain five people that may not have capacity t- 2. State any four ways that a partnership can be dissolved. 3. Explain any five characteristics of a valid contract. 4. Differentiate between the following: a. Principal and agent. b. Sole trader and a limited liability company. 5. Give a definition of the 'law of credit'. Pag 115 6. Describe two remedies for breach of contract. Page 7

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