Write questions and then answer. Also, remember for "full$-$credit" you must not only give me a definition, but also an example unless otherwise specified.

Assignment $3$

$1.$ Discuss the three $(3)$ legal mechanisms involved in the passing of title.

$2.$ Distinguish between a contract to sell and a contract for sale.

$3.$ How is an agency created?

$4.$ Describe the three $(3)$ ways that an agent is bestowed authority to act on behalf of the principle.

$5.$ List the four $(4)$ main business structures, stating advantages and disadvantages to each particular structure.

$6.$ Explain state law governing creditors rights.

$7.$ List the three $(3)$ types of sales that Article $2$ of the UCC does not cover or include.

$8.$ Explain when title to goods passes.

$9.$ List the distinctions between a voluntary and involuntary bankruptcy filing.

$10.$ What are the three $(3)$ kinds of implied warranties?