Answer the questions about contract law and business forms: o Conditions vs warranties o Clauses in a contract that reduce or eliminate the risk o What are the consequences for the owner if the business is unable to pay its debts and liabilities? o Does the new business form you chose to protect the owner's personal assets? Why or why not? o Agency, including: The role of an agent What happens if the real estate agent makes a deal with a landlord that goes against your instructions - who is liable? Do you have to honour the agreement made by the real estate agent on your behalf? Why or why not?