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Questions 1. Your book lists 5 types of agency. You will be directed to select one type of agency and to write a story problem. For example: Story problem: Garcon has authority to alter Belle's legal relationships with 3rd parties by entering into contracts on Belle's behalf. To restrict Garcon's authority, Belle must explicitly spell out the limitations on his authority. What type of agent is Garcon? Why do you think so? Answer: Garcon is a general agent. His powers are broad rather than specific, and he can enter into contracts on Belle's behalf. Because it is so broad, Belle must spell out any limitations. Select one type of agencythat is notgeneral agent. Without naming the agency, write a story problem describing the agency. Provide enough detail that a classmate will be able to read the problem and tell you the type of agency you described. (See the example above.) 2. State the answer to your story problem. Applying information from the book to your story problem, explain why this is the correct answer. (See the example above.) 3. Principals and Agents have many duties, including fiduciary duties and general duties. a. Select one duty. Without naming the duty, create a story problem in which an agent (or principal) either does, or does not fulfill the duty. (Frequently more than one duty applies to a situation. Try to emphasize one particular duty.) Provide enough detail that a classmate will be able to identify the type of duty described and whether the duty was fulfilled or breached. b. State the type of duty you described. Applying information from your book to your story problem, explain whether the duty was fulfilled or breached