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Discuss the role of an agency in an organisation and contracts. (12 marks) Two parties transact by means of a signed document used by one

  1. Discuss the role of an agency in an organisation and contracts. (12 marks)
  2. Two parties transact by means of a signed document used by one party to promise payment to the other. Discuss these documents and give examples of the different types of documents. (5 marks)
  3. Discuss the following clauses and their function in a contract (8 marks)
    • Warranty clause
    • Cancellation clause
    • Penalty clause
    • Entrenchment clause

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