Need proper answer of question 1 and 2And this is of Business Law so please answer according to thatThis assignment is related to chapter - The elements of a contract : Capacity, Legality and Intention

Provide a substantive response to at least one of the following questions and provide a substantive response to at least one submission of another student. See the Course Outline for details on what is expected of you in the forums. To obtain credit, posting must be done no later than October 8 at 10:00 AM. The earlier the better. 1. Your car is listed for sale. A 17 year old wants to buy it. Should you sell it to her? Why or why not? 2. Very little that is good happens in a bar after midnight. Why should you not enter in contracts in a bar after midnight? 3. You work for the Royal Bank as a commercial lender. A client who has a company comes in for an appointment. The company would like to borrow $50,000. What steps would you take to ensure that RBC is protected before lending any money? 4. You agree to meet a friend you have not seen in some time for coffee on Saturday and because you are too busy, you don't attend the coffee shop, nor do you tell your friend you are not attending. It turns out that your friend lives in Iceland and flew to Calgary, stayed in a hotel, and rented a car JUST TO MEET YOU. You did not know your friend had moved to Iceland. Your friend (soon to be former friend) sues you for $12,500 to cover her expenses (she flew business class). What is your best argument to avoid liability? ns ns bo 5. What is the difference between a guarantee and an indemnity? Would you recommend signing one? Why or why not