Questions. 1. Define the contract of agency. Explain different modes through which an agency contract is created and terminated. Also explain the types of agents along with duties and rights of both agent and principal. . Define partnership. Explain the characteristics of partnership. Briefly, describe duties and rights of partners. . Define limited liability partnership. Explain its features. . Define negotiable instruments. Explain its types and features. . Define and distinguish between condition and warranty. Describe their types. Explain various conditions and warranties implied in a contract of sale of goods. . What are the various ways in which a contract may be discharged? . What remedies are available to an aggrieved party on the breach of a contract