please answer 1-6

Pat is the owner of a commercially-zoned corner lot at a busy intersection. Now vacant, years ago it was the site of a popular Exxon service station. Pat pays a considerable amount of real estate taxes on the property due to its assessed value, even though the property generates no income in its current state. Sam recently secured a Chick-fil-A franchise and is searching for the perfect location to build the restaurant. After a thorough search of the atea. Sam believes the restaurant will be most successful if constructed on Pat's lot. Sam will require third-party financing to purchase the land and build the restaurant, and the franchise agreement expires if the restaurant is not open and operating within 13 months. Decide who will assume the role of Pat and who will assume the role of Sam. Each student should answer these questions individually from the perspective of the student's role in the transaction. Document and save your responses for use in the reflection you will prepare at the end of this assignment. 1. What do you know about the requirements for an enforceable agreement on this subject matter? 2. What risks could compromise or impair enforceability and profitability and how do your protect yourself accordingly? 3. What result would be most beneficial to you, personally (from the perspective of the party whose role you have assumed for purposes of this assignment)? 4. What do you think the other party wants--what would the other party consider most beneficial? 5. How do you protect yourself from incurring any unnecessary liability? 5. How might you best negotiate a favorable result