FSU Business Law Independent Contractors & Types of Transfer Questions

Provide a short answer to each of these questions:1. Please describe what an independent contractor is and how they are different than an employee.2. How is actual agency created?3. Please describe what commercial paper is.4. Negotiation is a special type of transfer (of commercial paper). Please describe this transfer.5. What is a “holder in due course?”6. Which party or parties is/are primarily liable in relation to notes and drafts?7. What does the Truth in Lending Act generally do/require?8. Please describe the characteristics of a partnership under RUPA.