1) Two major disciplines or areas of substantive law are encompassed by the law ofcontracts and the law of torts. What do they have in common in terms of legal processes relied upon, and how do they differ as to what they address?

2) While thecommon lawgoverns the law of contracts generally, a specific statute addresses the sale and lease of goods. Explain and specify whatstatute,and what is meant by the termgoods?

3) Contracts that have an inherent issue that may be encountered by either or both parties are classified as eithervoidable, void or unenforceable. Explain what each term means as it relates to the law of contracts, and provide an example for each term.

4) While one of the requirements for a valid contract is that it need be entered into on a voluntary basis, bothduressandundue influencemay render a contract otherwise. Define both legal concepts and explain what is meant by the first line of this question.

5) Thestatute of fraudsand theparol evidence ruleboth have a significant impact upon the viability of a contract. Explain and distinguish the two concepts with examples of their application.

6)Remediesfor which a party can sue in the event of a breach of contract may include damages, as well as an order by the court to have a party engage in specific conduct or refrain from such. Explain.

7) With regard to the law of agency,the agent is said to have afiduciaryresponsibility to the principal. What is the meaning of the term fiduciary and provide an example of such regarding the principal agent relationship.

8) Thecorporate form of businessorganization is defined by a number of essential attributes. What are the five critical characteristics of a corporation (do not make reference to those regarding the application of the constitutional amendments).

9)A corporation may obtain financingby reliance upon several distinct means. Name and describe any three such ways in which a corporation may obtain funding.

10) A corporation during its existence may encounter a number of variousfundamentalchanges regarding its organization. Name any two and explain what occurs regarding your selected process of change.