Q1. Briefly explain why 'illegal contract' is a contradiction in terms?

Q2. In your own words, explain the following terms with respect to enforceability of a contract. i. ii. Voidable Void

Q3. In your own words, explain why one would define a contract as a legally enforceable promise.

Q4. In your own words, explain how one can determine the validity of a contract.

Q5. Discuss four basic inquiries to determine the rights and obligations of contracting parties

Q6. One important question that is frequently asked is whether patents can be issued for computer software. Briefly discuss this topic and indicate your position with reasons.

Q7. A patent is an invention publicly disclosed in return for a monopoly. A trade secret is a means to a monopoly that a company hopes to maintain by preventing public disclosure. Why would a company not always go for a patent instead of a trade secret?