law of agency

"Agency Formation and Management Perspective" Please respond to the following:

• Chapter 5 states “…without the law of agency, corporations could not function at all.” Share an example not given in the textbook that proves this statement correct. Next, outline the advantages and disadvantages of the various types of agency relationships.
• From a legal perspective, determine if it is easier for a manager to deal with an employee or an independent contractor. Provide an example or rationale for your answer.