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I. Describe the main types of business entities and their defining characteristics.

II$.$ Apply product liability law to determine issues and recommend mitigating actions.

A$.$ How would you advise your client to mitigate those issues?

III. Apply the elements and characteristics of an agency relationship to actions. Determine if an agency relationship was created and if it provides justification.

A$.$ Does Antonio's involvement prior to the business formation, and his anticipated role once the business is formed, create an agency relationship?

B$.$ Why, or why not?

IV$.$ Identify potential real property issues based on the location of the business on the family property and provide justification for each.

V$.$ Determine if the manufacture process of Javier's Very Hot Sauce! on the family property necessitates a formal transfer of ownership or possessory rights, and defend your response.

VI$.$ Identify potential personal property issues based on the use of Antonio's personal vehicle to deliver the product, and justify each potential issue.

VII. Determine if the use of a personal vehicle exposes Antonio or the business to any liablity issues.

A$.$ Does the use of his personal vehicle in the course of business expose Antonio or the business to any liability issues?

B$.$ Defend your response.

VIII. Identify potential estate planning issues, and provide justification for each potential issue.

A$.$ Identify potential estate planning issues regarding the business and the family property.

B$.$ Justify each potential issue.

IX$.$ Determine what estate planning vehicles are available to transfer ownership between two parties and provide advantages and