Assignment:
Question 1. What are some of the major changes that the Uniform Commercial Code makes to the common law of contracts? Why must a merchant in particular be keenly aware of the UCC?
Question 2. What are the key differences among an agent, employee, and an independent contractor, and why are these classifications critical to modern-day business?
Question 3. What are the advantages and disadvantages for the entrepreneur to do business as a partnership, a corporation of a limited liability company?