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?

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