Final

1- What are the different sources of law in the United States?

2- What is the difference between negligence and an intentional tort?

3- What is a contract and what are the elements of a valid contract?

4- What is the difference between a void contract and a voidable contract?

5- What is the difference between possession and title of personal property?

6- What is the Statute of Frauds and to what type of agreements does it apply?

7- What is the warranty of merchantability, the warranty of fitness for a particular purpose, and what is a disclaimer?

8- List three requirements in order for negotiable instruments to be valid.

9- What is a Holder in Due Course?

10- What is the difference between a general partnership and a limited partnership?

11- What is the role of the board of directors in a corporation?

12- What is the difference between liquidation bankruptcy and realignment bankruptcy?