1. Jaimee Newman is the owner and president of Jaimees Jewelry LLC, a Connecticut limited liability company. Jaimees Jewelry LLC is in need of a loan to provide working capital for the business. Jaimee, acting on behalf of Jaimees Jewelry LLC, goes to Willimantic Bank N.A. and obtains a $1,000,000 line of credit loan for Jaimees Jewelry LLC. Jaimee signs the Promissory Note as President of Jaimees Jewelry LLC. Jaimees Jewelry LLC grants Willimantic Bank N.A. a lien on all of its assets to secure the loan. A portion of the loan proceeds are used by Jaimee to hire a new sales person, Lauren. While Lauren is driving to a sales call, she decides to quickly get off the highway and stop at Stop & Shop to pick up dinner. While turning into the Stop & Shop parking lot Lauren rear ends another shopper, Greg. Gregs car has significant damages and he has suffered from whiplash. Greg sues Lauren personally, and Jaimees Jewelry LLC. Following the lawsuit, Jaimees luck goes from bad to worse. Since she was so focused on the lawsuit, the business suffered. Thus, Jaimees Jewelry LLC is not making scheduled monthly payments on the line of credit loan. Willimantic Bank, N.A. is now suing Jaimee personally and Jaimees Jewelry LLC for the debt. Further, due to the downturn in business, Jaimee is forced to lay-off Lauren. Lauren is 45 years old and of Asian descent. Lauren and sues Jaimee. IDENTIFY AND DISCUSS 5 topics discussed in business law II and raised the by this fact pattern. (15 PTS)II