1. A 17 yr old honors student graduated in 3 years from high school and was accepted a year earlier for college. He signed a one year lease to rent an apartment off campus. After one month, he has decided to go into the dorms and live on campus. What are the legal obligations if any under the lease contract?
2. The seller is in New York and the buyer is in Philadelphia. The 3rd party carrier shipping contract reads F. O. B. , Philadelphia. What type of contract is this and who bears the risk of loss?