QUESTION 3:CLO 3 A Contract of agency can be express or implied from certain circumstances and conduct of the parties Discuss the ways in which agency may arise. (25 marks) QUESTION 4:CLO 4 Muthu and Meng are close friends, who have just graduated from a local university in Engineering. They are not keen to work as Engineers but contemplating of venturing into business, but unsure whether to operate it as a Sole Proprietor, Partnership or Company. They have approached you to explain the differences, as they are aware you are a business student. Advise them accordingly (Total: 25 marks)