1. True/False Fantasy, Part 2 (Chapters 15-23). Please state if each of the 5 statements below is true or false, explaining your reasoning with each answer.

1. Snow and Charming entered into a contract with 7 Dwarves Development Co. who stated that he would build the house of their dreams on a lot that they owned in a beautiful forest. In payment for the property and the house, Snow and Charming signed a promissory note that was payable upon closing on sale of the house to be constructed on the below described lot or one year from the date of this Note, whichever event first occurs. This promissory note is a negotiable instrument.

2. Mr. Gold is planning on incorporating his business in the state of Delaware. With respect to the name of Mr. Gold's business, the company name cannot be the same as another corporation that already exists in Delaware.

3. Archie owns a business selling insects for organic gardening. Archie is seeking a loan from Storybrooke Natural Bank. The loan officer is asking that the loan be secured by Archie's inventory of insects, now owned or hereafter acquired. To do this, a new security agreement will need to be signed each time Archie gets new insects or sells insects.

3. Granny runs a breakfast cafe, which she only opens Friday through Sunday, with Sunday brunch being the busiest day. Zelena applies for a job and tells Granny that Sundays are her religious Sabbath and that she cannot work those days. Granny refuses to hire her as a result. Granny has not illegally discriminated against Zelena because of her religious beliefs.

5. Leroy and Tom operate a commercial real estate company as a general partnership. They buy distressed properties and fix them up for resale. One day while looking at a distressed building, Leroy had the idea that this would be a great spot for a fashion design studio, which has always been his real dream. Leroy decided not to tell Tom about the building and made a bid himself. Leroy is justified in pursuing the building for a side project, even without Toms knowledge.