Assignment:
1. Whether the contracts with the hopeful business partners will be governed by common law or the Uniform Commercial Code.
2· Whether the owner formed a contract with the large businesses by analyzing whether or not the five essential elements of an enforceable contract were applied.
3· The potential personal liability to Acme Fireworks if a spectator is injured by a stray firework from a firework display.
4· The employment type applicable to Acme Fireworks and their relationships relevant to agency law based on the advantages and disadvantages.
5· A new business entity that the owner should switch to so as to fully benefit from the opportunity.