1.Obama incorporated a company called "Obama's Electronics Ltd." Through the company, he sells televisions, cellular phones, and laptops from a store he leased in his own name. Now Obama wants to issue shares but while checking the company's prospectus he came to know there are several pieces of information that are not true. Discuss your answer with any relevant case law.

In this case what are the basic rights associated with shares and can Obama be sued as there are liabilities of misrepresentation in a prospectus?

2.Martia and Rebecca entered into an agreement whereby Martia would sell her laptop MacBook Air to Rebecca for $800. However, 3 days before the date of sale, Martia's home was robbed and her laptop was stolen. Thus, Martia could no longer sell her MacBook Air to Rebecca. What is to become of the agreement between Martia and Rebecca? Can Rebecca formally launch a complaint against Martia for not selling the laptop?

3.Jasmine offered to purchase 100 grams of cocaine, which is an illegal product, from Sandra for $10,000. They mutually agree that Jasmine would pay the $10,000 as lump sum upon delivery of the 100 grams of cocaine. However, when Jasmine receives the cocaine, he refuses to pay Sandra. Sandra, the aggrieved party, decides to formally launch a complaint against Jasmine to recover the money.

Is Sasha legally allowed to pursue litigation against Jasmine? If so, how would the court rule? If Sandra is not allowed to pursue litigation against Jasmine, why not?

4.What is the difference between a future good and a contingent good? Can a man/woman buy and sell goods to herself? If so, why? If not, why not? What are the differences, if any, between a sale and an agreement to sell? Can a man/woman buy and sell goods to herself? If the buyer and seller have an agreement whereby the seller would send the goods to the buyer, but no time has been fixed as to when the seller must send the goods to the buyer what is the time frame by which the seller ought to send the goods to the buyer?