an elite preschool has a long waiting list of children whose parents want to enroll them there

Business Law IQuestion1: an elite preschool has a long waiting list of children whose parents want to enroll them there. the preschool has a requirement that the child be “potty trained” and no longer wearing diapers. this requirement is:a. a novationb. voidc. duressd. ScienterQuestion2: a partnership is aa. tax paying entityb. tax reporting entityc. tax reporting and tax paying entityd. neither a tax reporting nor a tax paying entityQuestion3: a subchapter S or S corporation is:a. a special class of close corporation under the MBCAb. an IRS tax treatment option for corportions owned by a limited number of shareholdersc. a not-for-profit corporationd. none of the aboveQuestion4: state statutes covering LLPs typically state that if the procedures for forming an llp are not compiied with, the business will be treated as a(n)a. limited partnershipb. general partnershipc. S corporationd. non-recognized legal entityQuestion5: A force majeure clause would apply to which of these items?a. leasesb. sales of used goodsc. warranties in leasesd. statute of frauds issuesQuestion6: the Uniform Commercial Code was written by:a. lawyers from Louisianab. the National Conference of Commissioners of Uniform State Lawc. the American Law Instituted. Both b & cQueston7: Which of these is not a contract defense?a. capacityb. duressc. fraudd. rejectionQuestion8: “this gourmet popcorn is decadent, completely over the to, life-altering” is an example of:a. fraudb. material misrepresentationc. puffingd. scienter