QUESTION 1:

Write short notes on all of the following:

1. Personal Insurance

2. Real Property

3. Lease Contract

4. Partnerships

5. Employee contracts

QUESTION 2:

Berger checked into a motel and left a valuable stamp collection in his room because the motel did not provide safe-deposit boxes. The stamps were stolen. Was the motel liable for the value of the collection? Explain your answer.

QUESTION 3:

Explain the difference between a secret partner and a silent partner. List and briefly explain five different types of partners.

QUESTION 4:

Fox, who was going into the army, contracted with Scutti Auto Sales to sell his car for a commission. Scutti Auto Sales advanced $500 to Fox, with the understanding that the advance would be paid back out of the proceeds of the sale. Three weeks later, before the car was sold, Fox changed his mind and tried to terminate the agency. Was Fox legally able to terminate the agency?