i need all 3 questions answered along with all of the parts.
Question \#2 (5 points): Review the section on Negotiability in Ch. 15 (15-1c). Leakproof Inc received a promissory note from Pilot Industries. 1. What is negotiability when applled to negotiable instruments? 2. List the six things Leakproof will look for to determine if the note is negotiable. 3. Explain why these requirements are necessary for a court to determine the intent of the parties. What is the purpose of negotiability and how do these requirements enable negotiability? Consider what parties are seeking when they hold a negotiable instrument. Question \#3 (5 points): Review the sections on Attachment (section 16-2) and Perfection (section 16-3) in Ch. 16. U.S. Bank has loaned $1,000,000 to ClearWater so it can purchase water purification equipment. As part of the loan agreement, the parties sign a security agreement in which ClearWater puts up as collateral the purification equipment that it will acquire with the loan. U.S. Bank makes the $1,000,000 loan and ClearWater purchases the equipment and obtains rights to it. Consider what the bank needs to do to attach and perfect its security interest. Attachment 1. What are the requirements for attachment? 2. Are they met here? How are they met (apply the facts)? Perfection 1. What are the three methods to perfect a security interest? 2. Which method would the loan officer for U.S. Bank choose to perfect the bank's interest as a creditor? 3. What specifically needs to be done by U.S. Bank to perfect is security interest? Question \#1 (5 points): Review all of the section on Contract Formation in Ch. 14 (14-1b). Sage Brushes is looking to buy materials for its brushes. List and explain the eight principles of contract formation they will want to follow under UCC Article 2. 1. list and explain the three basic principles (see "Formation Basics"). 2. list and explain the three writing and enforceability requirements (see "Statute of Frauds"), and 3. explain what happens to terms if (1) the other party adds terms that are not in the offer AND (2) if the other party puts in different terms than those already in the offer (i.e. terms that contradict those in the offer) (see "Additional or Different Terms"). Do not worry about the merchant exception here