There are some possible risks and liabilities which GC can experience and those may or may not be associated with the agency contract that was established between GC and the other party named George Tacy. First and foremost, according to the scenario presented, I believe that GC could be held accountable for any kind of a misconduct committed on part of Tracy just as the laws has certain set of provision especially designed for the agent to embrace the principal as responsible for any misconduct committed by either parties ("Legal aspects of providing and controlling access to New Hampshire's coastal resources", 2018).