1) How can an offeror revoke an offer? 

  2) What are the three major components of a contract?

  3) What is an implied-in-fact contract?

  4) What is a negotiable instrument?

  5) What is a BFOQ?

  6) What are the three levels of a corporation and what are their functions?

  7) Negligence contains four elements, what are they and what do they mean?

 8) What are the protected classes under Title VII of the Civil Rights Act of 1964?

1) Assume that you are a webpage designer. One of your customers asks you to make a blog for their website. They state that they will pay you $5,000 to complete the blog page. You agree to create the blog for $5,000.

Have you formed a contract and if so, what kind? What problems might you or your customer have should there be a dispute about this transaction?

2) Describe the four major categories of intellectual property? What do each of these four protect and give an example of each? 

  3) List five types of business organizations and describe their structure? What liability do the owners have for each?

1. An offeror can revoke an offer if he/she communicate with the oferee and also if the offer has not be accepted.
2. Component of a contract are; the offer, the acceptance of the offer and the consideration.
3. An implied fact contract; this is a contract that consists of rules coming from a mutual agreement and intent to promise where the agreement and promise have not been showed in words, this contracts are implied from facts showing mutual intent to contract.
4. Negotiable instrument; this is a type of a document that is signed promising the person who has signed certain amount of payment.
5. BFOQ; bona fide occupation qualification recognizes at some point the person's sex, race, nationality that be reasonably considered in carrying out certain job function of an employer's business.
6. Levels of corporation;

• Administrative level this is a level that It is the major source of power and authority, since it foresees the goals, policies, and procedures of a company. it functions are;
• Putting down the objectives and broad policies of the business enterprise. 
• Giving out the necessary instructions for the preparation of department specific budgets, procedures,
• Preparing strategic plans and policies for the organization. 
• Appointing the executives for the executive level management
• Giving out the controls of all organizational departments.
• Executive level;it is the middle level, it functions are;
• It take place in the hiring and training processes of lower-level management.  
• Interpreting and explaining the policies from top-level management to lower-level management. 
• Sending reports and data to top management in a timely and efficient manner. 
• Evaluating the performance of junior managers. 
• Inspiring lower level managers towards improving their performance. 
• Operative level; this is a level that consist of the foremen and supervisors, it function are;
• Helping to address and resolve the grievances of workers. 
• Supervising and guiding their subordinates.  
• Taking part in the hiring and training processes of their workers.  
• Preparing periodical reports regarding the performance of the workers.  
• Upholding discipline and harmony within the workplace.

1. The element of negligence;
2. Duty- The defendant owed a legal duty to the plaintiff under the circumstances;
3. Breach - The defendant breached that legal duty by acting or failing to act in a certain way
4. Causation - this shows that It was the defendant's actions that caused the injuries to the plaintiff
5. Damages - This is where the plaintiff was injured because of the defendant's actions and the plaintiff is compensated by the court.

8 Protected classes are; race, color, national origin, region, and sex.

9 An oral contract is made since they talked verbally and agreed the payments and what the web designer is going to do. The problem that may arise is that there is no evidence to prove that there was an agreement made between them and there may be a dispute about this transaction because the client may fail to pay the agreed amount of money and the web designer cannot sue him since there is no evidence to show

10 Categories of intellectual property;

1. A patent is used to prevent an invention from being sold, or used by another party without any permission. example of this is pen with scanner which means that with a small machine that is a pen you can transfer text paper directly into a computer.
2.  A trademark this is a sign which allows consumers to easily identify the specific goods or services that a company provides. example is the Facebook logo.
3. Copyright covers tangible forms of creations and original work, example on music or art where you can write your name and telephone number.
4. Trade secret this is a form of protection that assist a business to gain competitive advantages, example is the secret formula of Coca Cola.

11 - Sole proprietorship; this is a type of business where there is no legal law between the business entity and its owner and this type of a business organization the owner is liable for any debts or obligations of the business.

-Partnership is a formal agreement between two or more parties who agree to run a business together in this type of a business, general partners have unlimited liability for debts of the partnership.

-Cooperative; is type of a business that is operated mainly for the benefit of the owners and those who uses the service it offers, this type of a business have limited liability for the debt and obligation of the business.

-Corporation; these are companies that have been granted permission to act as single entities, this type of business have limited liability for the debts and obligation of the corporation.

-Limited liability company this is a type of business that combines the characteristics of a partnership, corporation and a sole proprietorship, the owners are not liable for the debts and obligation of the company.