QUESTION 4 [30 MARKS] (a) During business dealings, quite often transactions are carried out through an agent. As a young entrepreneur, Jack wants to strike a deal with David through an agent. He is ignorant about the laws governing agency and asks you to advise him on the various ways in which an agency relationship is created. [20 marks] (b) Mr Peter went to see the bank manager of Kangal Bank to have a loan facility with the bank. During the conversation, the bank manager talked about "floating charge" and "fixed charge". Mr Peter came to see you to enlighten him on the underlined concepts. Anal