Problem 1. Select a business activity or issue with which you are familiar. For that business activity in that industry or company, discuss how business managers apply the law that is relevant, and identify under what circumstances lawyers should become involved. Discuss alternative outcomes that could have arisen. Was the outcome the best possible? Why or why not? Support your discussion with material from the text or other sources, where appropriate.
Problem 2. Differentiate between two legal forms of doing business. Discuss their differences and the benefits and liabilities between the two. Provide an example business. What would be the preferred form of business, and why?