Exam (elaborations)

AIC 301 - FINAL EXAM PREP QUESTIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

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Uploaded on February 16, 2024
Number of pages 26
Written in 2023/2024
Type Exam (elaborations)
Contains Questions & answers

there was
aic 301 final exam prep questions exam questi
the act of leaving a dangerous article such as a g
is likely to use it in an unreasonably risky manne
correct answer a negligent entrustment

Institution AIC 301
Course AIC 301

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AIC 301 - FINAL EXAM PREP
QUESTIONS EXAM | QUESTIONS &
ANSWERS (VERIFIED) | LATEST
UPDATE | GRADED A+

The act of leaving a dangerous article such as a gun or car with a person who the

lender knows, or should know, is likely to use it in an unreasonably risky manner is

known as

Select one:

A. Negligent entrustment.

B. Contributory negligence.

C. Negligent supervision.

D. The dangerous instrumentality doctrine.

Correct Answer: A. Negligent entrustment.

There was a large unmarked sinkhole on Charlotte's property, a short distance from a

public road. One evening, a police officer chased a mugger off the road and onto

Charlotte's property. Both the officer and the mugger fell into the hole and were injured.

Which one of the following best answers whether Charlotte is liable for the injuries to the

police officer and/or to the mugger?

1

,Select one:

A. Charlotte is not liable to either the officer or the mugger, because occupiers of land

have no duty to correct defects abutting sidewalks or streets.

B. Charlotte is liable to both the officer and the mugger, because she had a duty to

avoid endangering travelers with an unguarded ditch.

C. Charlotte is not liable to the officer or the mugger, because they were both

trespassers on her property.

D. Charlotte is liable to the officer for the unguarded ditch, because the officer was a

licensee, but she is not liable to the tres

Correct Answer: D. Charlotte is liable to the officer for the unguarded ditch, because

the officer was a licensee, but she is not liable to the trespassing mugger.

Antonia was a life tenant who occupied a house at 33 Main Street. Emil had a

remainder interest in the property and planned to occupy it after Antonia's death.

Antonia obtained property insurance covering the house, through Richley Insurance Co.

The house was destroyed by fire during Antonia's life estate. Richley must pay the

insurance policy proceeds to

Select one:

A. Emil, under the doctrine of equitable conversion.

B. Antonia, since she occupied the house at the time of the fire.

C. Antonia, because life tenants can recover the entire value of the property that they

insure.

D. Emil, because he will ultimately own the property.

2

, Correct Answer: C. Antonia, because life tenants can recover the entire value of the

property that they insure.

Cristobal is in the process of purchasing a home from Leah. They are in the executory

period. This means that

Select one:

A. Cristobal and Leah have signed the real estate sales contract, but have not yet

closed.

B. Cristobal has made an offer and Leah has accepted verbally.

C. Cristobal and Leah have signed the real estate sales contract and have gone to

closing.

D. Cristobal has made a verbal offer, which Leah is considering.

Correct Answer: A. Cristobal and Leah have signed the real estate sales contract, but

have not yet closed.

Kirk contracts with Ernest for five shipments of fresh produce at a specific price per

shipment due at the time of delivery. Kirk fails to ship the third shipment. The contract

between Kirk and Ernest is

Select one:

A. Void.

B. Unilateral.

C. Divisible.

D. Entire.

3

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Exam (elaborations) ·

Exam (elaborations)

AIC 301 - FINAL EXAM PREP QUESTIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

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