In a 200 words or more, write 3 paragraph essay detailing all that you have learned about business law in this class. Please write as if you are the student and you have learned these things The student will gain a more holistic and accurate understanding of the legal concepts and the implications for business practices. Accordingly, you may gain an enhanced understanding of the exercise of more prudential considerations for the implementation of these principles in real world applications, particularly when to involve counsel and the litigation process. This course will not provide you the requisite legal knowledge to operate in a legal capacity, it may however, provide you, the business leader, the requisite information to develop the judgment (prudence) to inform and/or solicit legal counsel as appropriate. Paragraph 1 Identify and describe the basic functions of law. Distinguish between (a) law and justice and (b) law and morals. Distinguish between public and private law, and (c) civil and criminal law. Identify and describe the sources of law. Paragraph 2 Identify the various types of business associations and explain the factors relevant to deciding which form to use. Distinguish between a legal entity and a legal aggregate and identify those purposes for which a partnership is treated as a legal entity and those purposes for which it is treated as a legal aggregate. Distinguish between a partner’s rights in specific partnership property and a partner’s interest in the partnership. Paragraph 3 Distinguish between contracts that are covered by the Uniform Commercial Code and those covered by the common law. List the essential elements of a contract.