Assignment: 1. What is vicarious liability and why is it a conceren for business people? (2 marks) Answer: 2. In contract law, what is the purpose of the rules of construction? Describe two of the rules. (3 marks) Answer: 3. What is "joint and several liability and why is it significant? (2 marks) Answer: 4. Briefly describe two defences to tort actions, and provide an example of each (4 marks) Answer: 5. Who has the burden of proof in a tort lawsuit, and what does it involve? Provide an example (3 marks) Answer:: 6. Briefly describe two events that terminate an offer in contract law (2 marks) Answer: 7. To whom does a business owe a duty of care? (1 marks) Answer: 8. What is the difference between a condition and a warranty in a contract? (2 marks) Answer: 9. What is negative-option marketing and what does the Consumer Protect Act, 2002 say about it? (2 marks) Answer: 10. What is the difference between a reviewable practice and criminal conduct under the Competition Act? (2 marks) 11. What are the potential consequences if a limited partner assumes management responsibilities contrary to a partnership agreement or the Limited Partnerships Act? (1 marks) 12. What is the difference between private corporations and public corporations? (2 marks) 13. List four of the rights that shareholders may have (2 marks) 14. What is the most important advantage of using a corporation to operate a business? (2 marks)