Review all the reading materials and conduct a research on the following questions.

1. Explain why it is important to have an understanding of the Limitation Act or Limitation of Actions Act in relation to contracts.
2. Should the courts be able to award damages for anxiety, injured feelings, disappointment or distress as a result of breach of contract, even though the parties cannot estimate subjective mental reactions to the breach? Discuss.
3. How effective is an oral appointment of an agent by a principal?
4. What is the effect of ratification in an agency relationship between the parties?
5. Define the three main classes of agents and in your answer give examples of general agents and describe the extent of their individual authority under the agency.
6. Explain the purpose and importance in business of an agency relationship.
7. Briefly list and describe the rights of an agent against a principal.
8. What is the liability of both principal and agent in an action for negligence in tort?
9. A gratuitous agent is entitled to reimbursement of expenses they may incur while acting on behalf of the principal. (True or False)
10. A contract must exist between the agent and the third party as well as the agent and the principal for agency law to apply. (True or False)