AIC 301 - final exam prep questions and correct answers
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AIC 301
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AIC 301
AIC 301 - final exam prep questions and correct answersAIC 301 - final exam prep questions and correct answersAIC 301 - final exam prep questions and correct answersAIC 301 - final exam prep questions and correct answersAIC 301 - final exam prep questions and correct answersAIC 301 - final exam pre...
AIC 301 - final exam prep questions and correct
answers.
The act of leaving a dangerous article such as a gun or car with a
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person who the lender knows, or should know, is likely to use it in an
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unreasonably risky manner is known as
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Select one: hi
A. Negligent entrustment.
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B. Contributory negligence.
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C. Negligent supervision.
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D. The dangerous instrumentality doctrine. - (correct answer) -A.
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Negligent entrustment.
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There was a large unmarked sinkhole on Charlotte's property, a short
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distance from a public road. One evening, a police officer chased a
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mugger off the road and onto Charlotte's property. Both the officer
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and the mugger fell into the hole and were injured. Which one of the
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following best answers whether Charlotte is liable for the injuries to
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the police officer and/or to the mugger?
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Select one: hi
A. Charlotte is not liable to either the officer or the mugger, because
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occupiers of land have no duty to correct defects abutting sidewalks
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or streets.
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B. Charlotte is liable to both the officer and the mugger, because she
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had a duty to avoid endangering travelers with an unguarded ditch.
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C. Charlotte is not liable to the officer or the mugger, because they
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were both trespassers on her property.
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D. Charlotte is liable to the officer for the unguarded ditch, because
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the officer was a licensee, but she is not liable to the tres - (correct
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answer) -D. Charlotte is liable to the officer for the unguarded ditch,
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because the officer was a licensee, but she is not liable to the
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trespassing mugger.
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Antonia was a life tenant who occupied a house at 33 Main Street. Emi
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had a remainder interest in the property and planned to occupy it
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after Antonia's death. Antonia obtained property insurance covering
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1 hihihihi ikik /
,the house, through Richley Insurance Co. The house was destroyed by
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fire during Antonia's life estate. Richley must pay the insurance policy
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proceeds to
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Select one: hi
A. Emil, under the doctrine of equitable conversion.
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B. Antonia, since she occupied the house at the time of the fire.
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C. Antonia, because life tenants can recover the entire value of the
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property that they insure.
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D. Emil, because he will ultimately own the property. - (correct
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answer) -C. Antonia, because life tenants can recover the entire value
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of the property that they insure.
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Cristobal is in the process of purchasing a home from Leah. They are in
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the executory period. This means that
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Select one: hi
A. Cristobal and Leah have signed the real estate sales contract, but
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have not yet closed.
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B. Cristobal has made an offer and Leah has accepted verbally.
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C. Cristobal and Leah have signed the real estate sales contract and
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have gone to closing.
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D. Cristobal has made a verbal offer, which Leah is considering. -
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(correct answer) -A. Cristobal and Leah have signed the real estate
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sales contract, but have not yet closed.
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Kirk contracts with Ernest for five shipments of fresh produce at a
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specific price per shipment due at the time of delivery. Kirk fails to
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ship the third shipment. The contract between Kirk and Ernest is
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Select one: hi
A. Void.
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B. Unilateral.
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C. Divisible.
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D. Entire. - (correct answer) -C. Divisible. A contract is divisible if each
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party's performance can be divided into two or more parts and if it
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appears that the parties to the contract contemplated separate
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compensation for each installment of the performance. Failure to
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perform one installment is not failure to perform the entire
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agreement. If the contract is divided into parts only to provide
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periodic payments toward the full amount due upon contract
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completion, the contract is an entire contract, not a divisible one.
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When possible, courts prefer to interpret contracts as divisible to
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, hi avoid hardships that can result from delaying payments under the
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hi contract until full performance has been completed. hi hi hi hi hi hi
Fatima owns a cafe that is open to the public. Kaito enters the cafe and
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orders a coffee. Kaito is a(n)
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Select one: hi
A. Public invitee. hi hi
B. Business invitee. hi hi
C. Express licensee. hi hi
D. Trespasser. - (correct answer) -B. Business invitee.
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James wants to pursue a legal claim against his neighbor, but he does
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not know what kind of dispute resolution procedure is the best choice
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for his situation. The dispute is over a relatively small amount of
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money, so James does not want to spend a lot in pursuit of his claim.
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James wants to be able to present his side of the story and his
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witnesses before a neutral third party. James would be pleased if he
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and his neighbor could reach a compromise, but, ideally, James wants
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to be able to walk away with a binding decision. Assuming that James'
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neighbor will agree to participate in whatever procedure James
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suggests, which one of the following dispute resolution procedures is
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the best choice for James?
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Select one: hi
A. Mediation hi
B. Negotiation hi
C. Arbitration hi
D. Litigation - (correct answer) -C. Arbitration
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Chloe is investigating Thomas' claim for damage to his automobile.
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Thomas is not cooperating with Chloe's attempts to schedule an
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adjuster to inspect the vehicle. Chloe should
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Select one: hi
A. Issue a unilateral waiver of rights letter.
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B. Issue a unilateral reservation of rights letter.
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C. Issue denial for failure to cooperate.
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D. Ask Thomas to sign a reservation of rights letter. - (correct answer)
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-B. Issue a unilateral reservation of rights letter.
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Cathy left a bracelet at a jeweler for repair and was given a receipt
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with the statement, "This establishment is not responsible for loss or
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3 hihihihi ikik /
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