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1-) 1. What are some of the major changes that the Uniform Commercial Code makes to the common law of contracts? Why must a merchant in particular be keenly aware of the UCC?2. What are the key differences among an agent, employee, and an independent contractor, and why are these classifications critical to modern-day business?3. What are the advantages and disadvantages for the entrepreneur to do business as a partnership, a corporation of a limited liability company?
