1. Willy Wonka's contrac. (video) a) Is the clause that Gene Wilder (the actor) is trying to get them to sign, an exculpatory or liquidated damages clause? b) Does the contract term of duress apply here? Why or why not? c) Does the child have the contractual capacity to sign the contract?
2. Explain, what are the risks and rewards to a (i) Buyer (ii) Seller (iii) Lender and (iv) Real Estate Agent of a Buyer buying a property from a short sale.