A friend of yours, who has a business selling and repairing bicycles, is considering getting another friend to help him with the buying and selling side of the business. Your friend has heard of agency but has little idea of the law relating to agency. He has asked you to explain the following matters:
(a) The different types of authority which an agent might have. In particular, your friend wants to know how these types of authority arise and the consequences of their having arisen.
(b) The difference between disclosed and undisclosed agency, and the effect of the doctrine of the undisclosed principal.
(c) The rights and duties which arise between principal and agent.
(d) The ways in which agency can be terminated. Write a brief report, explaining the legal position.