【正文】 transactions as entities without involving individual shareholders.7. What may decide the capacity of a person to enter into a contract?The age of the individual or from a party’s being mentally incapable of understanding the ramifications 后果of the contract8. Are there any special provisions about minors’ making contract? What are they?Minors are under an obligation to return any consideration received under the contract9. How can misunderstandings about terms in plex contracts be avoided?Complex contracts often contain sections that clearly define certain terms.10. How do you decide whether the two parties of a contract have the mutual agreement?On an objective standard, and the subjective intent of the parties is usually irrelevantLaw of Corporation1. Why was the corporation proved to be an ideal instrument for the industrial development?It could raise large amounts of capital from numerous investors and yet provide centralized direction of large industrial concerns.2. Who has the power to approve the individual corporate charter originally?State legislatures3. Which state is the winner in the race of attracting panies?Delaware4. What is the procedure for the formation of a corporation?Filing an appropriate document with a state official, and paying the appropriate fee5. What can corporations do as artificial persons?The artificial person may conduct a business or businesses in its own name much in the same way that a “real” person could.6. What is the most obvious advantage that a corporation has?The corporation is unlimitedly liable for the debts and obligations of the business but the shareholders are not, since in theory all debts are the artificial entity’s obligations, not the shareholders.7. Why does a corporation have continuity of life?The existence of the corporation is not dependent on who the owners or investors are at any time. If shareholders die, or decide to sell out, the corporation continues to exist as a separate entity.8. How do you understand the sentence “the corporation does not have a limited life span”?It does not really mean that all corporations will continue until the end of time but rather that a corporation will continue indefinitely until the owners decide to dissolve it or merge it into another business.9. What rights do shareholders have?Very specific rights such as a limited right to inspect the books and records of the corporation10. Who has the right to decide the transfer of shareholders’ ownership of interests?oneselfIntellectual Property1. How are intellectual property and intellectual rights defined?Products of the mind: inventions, literary and artistic works, any symbols, names, images, and designs used in merce.Rights given to people over the creation of their minds2. Are “ideas” the product of the mind? And are the “ideas” protected by intellectual property law?Yes, no3. What do the various kinds of intellectual property have in mon?Patents, copyrights, industrial designs, trademarks and confidential information4. Why do the intellectual property rights have much in mon with the rights associated with real property?Intellectual property rights can be assigned or bequeathed.Intellectual property is itself intangible, it will be embodied in real objects.5. Do the different intellectual property rights have the same history? Why?Each of the diverse intellectual property rights has its own separate history.6. What is the shaping of the intellectual property law closely related to?Change economic and social conditions7. Are there any differences in the attitudes towards intellectual property rights? What are they?Important economic assets rewards for mental laborA reward for individual creativity products of the market 8. In what way the ownership in intellectual property is limited?Time9. How are most intellectual property actions settled?Most are settled at the pretrial stage and the usual remedy, where the claimant is successful, is a permanent injunction together with costs.10. What are the remedies in intellectual property cases?Delivery up, damages and an account of profi