Question 1

a.) What have you learned about persons in law?

b.) Name the 2 kinds of persons and provide 2 examples each in your transactions

(4 examples, all in all. These can be past, current or future transactions)

Question 2

Which business format will you choose (sole proprietorship, partnership, corporation, and cooperative)?

Briefly discuss why:

1. you are choosing one format and
2. you are not selecting 3 others

Answer on the basis of legal and/or business considerations. You can provide additional info regarding your business to justify your answer

Question 3

If one of your parents is planning to open a pharmacy/drugstore with 2 branches in Metro Manila, which business format will you advise a(sole proprietorship, partnership, corporation, and cooperative)?

1. you are suggesting one format and
2. you are not in favor of the 3 others.

Answer on the basis of legal and/or business considerations. You have the option of adding more info to the business set-up to support your answer.

Question 4

1. Your friends intends to sell Ivermectin, Sinovac and other anti-COVID drugs smmugles from abroad. What advice can you give him regarding what you learned so far in BUSINESS LAWS?

Question 5

1. Explain ambiguity acceptance/tolerance in your own words.

Will this be helpful to you or not? Why or why not?

Question 6

To increase self-awareness and self-management, reflect back during the lessons in BUSINESS LAWS.

Be candid and honest in providing answers to the following, whether related to BUSINESS LAWS or not

1. What new things have you learned? (ATLEAST 2)
2. What have you done which makes you proud of yourself? (atleast 2)
3. What are you thankful for? (atleast 2)
4. What were the instances wherein you laughed? (atleast 2)