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