1.Explain the role played by the Sale of Goods Act and the qualifications that must be met for the Act to apply to a particular transaction.

2.Explain the five rules that determine when title will pass under the Sale of Goods Act.

3.Distinguish between an indemnity and a guarantee.

4.Explain the positions of secured, preferred, and unsecured creditors in the event of a bankruptcy.

5 what is consumer protection?

6 Distinguish between real property, personal property, and intellectual property. Distin- guish between a chattel and a chose in action. Explain how personal property can be used to secure a loan.

7 Compare a joint tenancy and a tenancy in common, and explain severance and its effect on such tenancies.

8 Explain what is meant by a lease and distinguish the lease from other types of interests in land. What is meant by a periodic lease and how is it ended?