Series D02 Law 3/6 - Question 7; Agent-Principal Relationship

Q.
Can you predict what question is going to come out on Agent - Principal Relationship this year 2015?
(Series D02 Law 3/6 - Question 7; Agent-Principal Relationship)

A.
Based on the past 4 years:

2011 Q4 duties of agents towards principal and ratifying unlawful act of agent.
2012 Q4 relationship between land owner and estate agent.
2103 Q7 partnership & how principal-agent relationship can be created.
2014 Q7 compare and contrast the responsibilities between the principal and the agent.

There is a likely repeat of Agent-Principal relationship in the following manner:

1. Principal is always the winner, agent being a servant is to shoulder the responsibilities and liabilities. Do you agree with this argument? Provide your answers based on the practice of agency contract in Malaysia.

2. Agent who is contracted to represent his principal cannot appoint another agent or agent's agent to replace himself. To what extent is this true?

3. Differentiate partnership, sole-proprietorship and limited company with agency in a principal - agent relationship.

4. What do you understand by "Agent's duty to his principal"? Is the duty not similar to "employee's duty to his employer"?

5. What is the agent's relationship to the third party who is the buyer/seller of the property? Is it greater or lesser than his duty to his principal?

Ref:
Earlier posts in past year question bank.