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

1. Andrew who was a stock broker was approached and instructed by Patrick, to sell his stock when the market price reached 80% per unit of stock. However, Andrew failed to sell at 80% but negligently held onto the stock. The stock market then dropped drastically, and Andrew was forced to sell his stock for less than 80%. What can Andrew do? Discuss.
2. Explain why it is important to have an understanding of the Limitation Act or Limitation of Actions Act in relation to contracts.
3. 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.
4. How effective is an oral appointment of an agent by a principal?
5. What is the effect of ratification in an agency relationship between the parties?
6. 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.
7. Explain the purpose and importance in business of an agency relationship.
8. Briefly list and describe the rights of an agent against a principal.
9. What is the liability of both principal and agent in an action for negligence in tort?
10. A gratuitous agent is entitled to reimbursement of expenses they may incur while acting on behalf of the principal. (True or False).