3) Sandra, Tony and Ian are business partners running a financial management company.Sandra has recently entered

3) Sandra, Tony and Ian are business partners running a financial management company. Sandra has recently entered

into multiple contracts on behalf of the business. Tony and Ian just found out about these contracts. They would like to know whether or not they are bound by these contracts?   With this scenario in mind, please explain the Law of Agency to the business organization.    Would your answer be different if Sandra was an employee or an independent contractor? Please discuss the difference between employee and independent contractor