Giving examples, explain what you understand by a cession agreement? (5 Marks) b) Set out the requirements for a valid cession agreement. c) Though being a third party, a surety is vital in all contracts, explain who the surety is whilst giving an example. (5 Marks) d) Abc Pty Ltd is a company based in Windhoek and involved in manufacturing vehicle tyres. Mr Smith had purchased four tyres on credit from ABC Pty Ltd, however the contract between the Parties was concluded on the 7th of April 2016. With the said facts, explain whether ABC Pty Ltd could still pursue the debt, whilst positively identifying which principle would apply.