SHORT QUESTIONS 1.5 * 10 = 15 \\ What is spam? What does "jurisdiction" mean? What are the two types of trial courts? What is the role of equity? What steps are involved in the legal risk management model? Why is arbitration particularly attractive in international disputes? What is a limitation period? Define sole proprietorship, partnership, and corporation. S9NFD91PSN What does limited liability mean? 10. What is meant by agency by estoppel? How does agency by estoppel arise? 1. SUBJECTIVE QUESTIONS (ANY THREE) 5 * 3 = 15 Women pay higher prices for certain products and services compared to what men are charged- from dry-cleaning to haircuts. This is known as gender-based pricing. ls gender-based pricing objectionable? Should government regulate price when it is discriminatory or should that be left to the free market? Risk reduction is a strategy for managing risk. When is it the most appropriate strategy for managing a risk? What are some examples of risk reduction? How does language affect self-concept? Explore and research your answer, nding examples that can serve as case studies. The Canadian system of litigation partially compensates the winning party for its legal expenses through an award of "costs," to be paid by the loser in addition to any damages awarded by the court. In the United States, it is usual for the parties to bear their own costs. Which rule is fairer? Does the awarding of costs encourage or discourage litigation? 4. Joint ventures are appropriate in situations where a complex project requires the combining of the expertise and resources of two or more entities for a limited period of time. From a legal perspective, what are the risks associated with joint ventures? How can the parties manage the risk? Is all insider trading prohibited? Explain. 5. What is a prospectus? What is its purpose