The University Law QUESTION 2 (40 marks ) If you choose to answer Question 2, you must answer BOTH Part A and Part B. PART A (24 marks) Explain the different types of authority which may exist in the law of agency , and their scope and effect . Do you consider that using an agent to conduct business leaves the principal at too great a risk of being bound by contracts which they did not wish to enter ? Support your answer with reasons PART B (16 marks ) Ruby's grandmother died and Ruby inherited her cottage , Stone -gate . Ruby decided to move into the cottage On 16 April at a local auction house Ruby had spotted some Victorian garden ornaments which she thought would go well in the cottage garden . She asked the auctioneer about them . He said they were from a house clearance to be sold without reserve at 1pm on 23 April . Ruby attended the auction on 23 April . When it came to the lot comprising the Victorian garden ornaments , the auctioneer said they had been valued at $300 and would be sold that day '. He invited bids of f. 100 , then $80 . When nobody responded the auctioneer asked how much anyone would be prepared to pay for the ornaments and Ruby bid E20. No further bids were made but the auctioneer withdrew the ornaments from the sale . He later sold them privately for $ 150 . Advise Ruby as to whether she has a contract with either , or both , the owner of the garden ornaments and the auctioneer You must cite appropriate case law and statutory provision (s) in support of your