Business MidtermBriefly describe either your current job, a job you've held in the past, or a "made up" job. Now, make anargument either for or against labeling your "status" in this job as each of the following: "employee","agent", and "independent contractor". Be sure to discuss specific features of your job that support yourconclusion. Is it the case that a combination of two or more of these "statuses" applies to your job?Please explain.John Thompson starts an auto repair business. He incorporates the business and is its only shareholder.Please provide additional facts to the scenario which could lead to a situation in which a court would"pierce the corporate veil". Your answer should demonstrate your understanding of this concept.American Ingenuity, Inc. (AI), invents, develops, and distributes a new snowboard. In addition, AI createsa 10-page pamphlet which tells about the history of snowboarding. This pamphlet is sold with thesnowboard.Best Copy, Inc. (BC) buys an AI snowboard, analyzes it, and produces and sells a "clone" of the productunder the BC name. When selling their snowboards, BC includes a 10-page pamphlet with the identicaltext as AI's.AI files a suit against BC, alleging violations of intellectual property law. Please explain thoroughlywhether or not AI will prevail with respect to the copied snowboard and pamphlet and why.Regina is a limited partner and Scott is a general partner of Total Financial Management, a limitedpartnership. Scott manages the firm. Regina has some expertise in the area and believes that she coulddo a better job that Scott at managing, but she abstains from becoming actively involved. What wouldyou advise Regina? Should she become actively involved in managing the business? Why or why not?Marco works at Stella's Pizzaria. His job is to deliver pizzas. Specifically describe a situation in which Marco commits a tort for which Stella's Pizzaria would be liable.Now, specifically describe a situation in which Marco commits a tort for which Stella's Pizzariawouldnot be liable.