1. What is Common Law and what are the Particular types of laws does it cover?

2. What is the UCC and what are the Particular types of laws does it cover?

3. Select One (1) of the Four (4) Ways Contracts are classified and Explain what it is.

4. We examined Seven (7) different parties to a contract. Select Two (2) and describe their relationship to the contract.

5. Discuss Two (2) of the Four (4) ways a Contract is Valid.

6. What is an Indefinite Term and Provide an Example of an Indefinite Term?

7. What is the difference between Fraudulent Misrepresentation and Negligent Misrepresentation?

8. Demonstrate your understanding of Consideration by creating an example.

9. Select One (1) of the Reasons why the court will refuse to honor Illegal Contracts THEN You must use an Example to demonstrate your Understanding.

10. What is the difference between a Regulatory License and a Revenue License?