Assignment: Business Law
Part 1
1. What is the warranty of merchantability?
2. What is the warranty of fitness for a particular purpose?
3. What is a disclaimer?
4. What are the different ways in which personal property can be obtained?
5. What is the difference between personal property and real property?
6. What is the difference between tangible property and intangible property?
7. What is abandonment?
8. What is a bailment?
Part 2
1. What is order paper and what is bearer paper?
2. What are the main types of negotiable instruments?
3. What is the law merchant?
4. Who owns a corporation?
5. Who are the promoters of a corporation?
6. What is a de-facto corporation?
7. What is the function of the board of directors in a corporation?
8. What does it mean to pierce the corporate veil?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.