Question: Instructions Please answer all the questions with complete sentences and paragraphs. No point form answers at all will be accepted. 1.Why is it important for

Instructions Please answer all the questions with complete sentences and paragraphs. No point form answers at all will be accepted. 1.Why is it important for business people to know about contract law? (3 marks) 2.Why is it important to uphold the integrity of contractual agreements? (3 Marks) 3.Name some situations where a court will imply a missing term into a contract. (4 Marks) 4.What are the benefits of a well-written contract? (3 Marks) 5.What is a disclaimer clause and how is it different froman exclusion clause? (3 Marks) 6.What situation might constitute a breach of contract? (3 Marks) 7.Explain the remedies available if a breach of contract involves a condition versus a warranty. (5 Marks) 8.What is the obligation of a non-breaching party to mitigate its damages? (3 Marks) 9. What options does a business have when the other party to a contract breaches it

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