1. State whether you agree or disagree with the following statement: “Implementing structural reforms that make it easier and less costly to open a business and in general foster a more business-friendly climate in a given country is likely to put upward pressure on real interest rates in the country in the short run, all else equal”. Explain your answer.
Explain why real estate professionals are called brokers, while car sales entities are considered dealers (rather than brokers).
(Maximum 3 sentences,)
2. Discuss the differences between the following:
Offer/Acceptance under the UCC versus contract law; and
Consideration under the UCC versus contract law.
Do you think it makes sense to have these differing requirements under the UCC? Why or why not