Assignment task: Provide your own example of an agency relationship. Be sure to explain the following:
- Who is the principal?
- Who is the agent?
- What is the agent's role in relation to the principal? Explain specifically what the agent is to do for the principal.
- What duties does the agent owe the principal?
- What duties does the principal owe the agent?
- Provide an example of a risk of liability that might occur as a result of the relationship.
You may use an example from your own life or something you make up. If you need inspiration, you may look for examples in current events.