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Answer the following questions:

1.  What is a contract of Agency?


2.  Who are the parties to a contract of Agency?  Explain.
3.  What are the characteristics of a contract of Agency? Explain.
4.  What is the purpose of a contract of Agency?  How is it important in commercial transactions?
Explain.
5.   Explain the principle:  "An agent's action is not his personal actions but that of his principal."

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