Need 2 answersReflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.Also, provide a graduate-level response to each of the following questions:What type of defects most commonly around found in products liability actions? Analyze what is required for each type of defect, providing examples of each.Does the United States allow for joint ventures in international markets that would not be permitted under anti-trust laws in the United States? Why or why not? Should this be changed?Week 11 – Short EssaysQuestion I –Bono is a musician. He sells his neighbor a gently used lawn mower at a deeply discounted price. The neighbor is dissatisfied with the performance of the lawn mower. Can the neighbor sue Bono under the UCC §2-314, the implied warranty of merchantability? Why or why not?Question II – If cigarette companies want to work with one another for a common interest, what is one example that would allow the cigarette companies to do so without violating the Sherman Act? What source of law protects the cigarette companies’ actions?