1. Business Entities- Discuss the advanatges and disadvantages of each business entity: corporation, limited liability company, and limited partnerships.
2. Define each of the following terms in your own words: real property, lien, title, joint tenancy, and tenancy in common.
3. Business Entities- Define each of the following terms in your own words: limited liability, capital contribution, business judgement rule, commingle, and pierce corporate veil.
4. Real Property Law: In about 500 words, explain the differences between estate for years and a periodic tenancy.