How does undue influence differ from duress? 2. Explain the concept of voluntary assumption of risk and provide an example. 3. Describe the two categories of torts. 4. Explain the term employment contract. PART B 5. Give an example of a contract and identify each of the elements in the contract. 6. Andrew was a Financial Advisor for the Big Bank in North Bay and was very knowledgeable about investments. One of Andrew's customers was a skilled artist with very little knowledge about investments. From a business law perspective, what obligation does Andrew have when dealing with his customer where Andrew's level of knowledge is significantly higher than his customer? 7. Why would "frustration" make a contract unenforceable