1. A. Sherry Ann is a young budding artist who seeks advise as to the most appropriate business entity to enter. Give detailed explanation of the appropriate entity and advise her of the advantages and disadvantages associated with that entity.

B. Dennisan Accountant,Mary a Legal Clerk and Peter an Attorney-at-lawalso seek your opinion as to the most appropriate business structure. Dennis and Mary will inject 500,000 each into the entity while Peter will be the face of the entity. Additionally,Peter has agreements for the other parties to sign which will control the sum of profits they will be entitled to. Give detailed explanation of thedisadvantages of this entity which you will recommend. Back up your answer with cases.

C. The law of agency governs the legal relationship in which agent deals with a third party for his or her principal. Outline the ways in which the principal AND the agent relationship can be created. Give cases to back up your answer.

An agent almost certain duties towards the principal and the principal owes certain duties toward his or her agent EXPLAIN what are the duties owed by the agent to the principal in an agency agreement and vice versa. Give cases to back up your explanation.