AIC 301 - final exam prep questions with Verified Answers Graded A+
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Course
AIC 301
Institution
AIC 301
AIC 301 - final exam prep questions with Verified Answers
Graded A+
1. A. Negligent entrustment.
2. 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.
3. C. Antonia, because life ten-
ants can...
AIC 301 - final exam prep questions with Verified Answers
Graded A+
1. A. Negligent entrustment. 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.
2. D. Charlotte is liable to the There was a large unmarked sinkhole on Char-
officer for the unguarded lotte's property, a short distance from a pub-
ditch, because the officer lic road. One evening, a police officer chased
was a licensee, but she is a mugger off the road and onto Charlotte's
not liable to the trespassing property. Both the officer and the mugger fell
mugger. 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?
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 un-
guarded ditch, because the officer was a li-
censee, but she is not liable to the trespassing
mugger.
3. C. Antonia, because life ten- Antonia was a life tenant who occupied a house
ants can recover the entire at 33 Main Street. Emil had a remainder interest
value of the property that in the property and planned to occupy it after
they insure. Antonia's death. Antonia obtained property in-
,AIC 301 - final exam prep questions with Verified Answers
Graded A+
surance 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 conver-
sion.
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.
4. A. Cristobal and Leah have Cristobal is in the process of purchasing a
signed the real estate sales home from Leah. They are in the executory
contract, but have not yet period. This means that
closed. 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.
5. C. Divisible. A contract is Kirk contracts with Ernest for five shipments of
divisible if each party's per- fresh produce at a specific price per shipment
formance can be divided due at the time of delivery. Kirk fails to ship the
into two or more parts and third shipment. The contract between Kirk and
if it appears that the parties Ernest is
to the contract contemplat- Select one:
ed separate compensation A. Void.
for each installment of the B. Unilateral.
performance. Failure to per- C. Divisible.
form one installment is not D. Entire.
failure to perform the en-
tire agreement. If the con-
, AIC 301 - final exam prep questions with Verified Answers
Graded A+
tract is divided into parts
only to provide periodic
payments toward the full
amount due upon contract
completion, the contract is
an entire contract, not a
divisible one. When possi-
ble, courts prefer to inter-
pret contracts as divisible
to avoid hardships that can
result from delaying pay-
ments under the contract
until full performance has
been completed.
6. B. Business invitee. Fatima owns a cafe that is open to the public.
Kaito enters the cafe and orders a coffee. Kaito
is a(n)
Select one:
A. Public invitee.
B. Business invitee.
C. Express licensee.
D. Trespasser.
7. C. Arbitration James wants to pursue a legal claim against
his neighbor, but he does not know what kind of
dispute resolution procedure is the best choice
for his situation. The dispute is over a relatively
small amount of money, so James does not
want to spend a lot in pursuit of his claim.
James wants to be able to present his side of
the story and his witnesses before a neutral
third party. James would be pleased if he and
his neighbor could reach a compromise, but,
ideally, James wants to be able to walk away
with a binding decision. Assuming that James'
neighbor will agree to participate in whatever
procedure James suggests, which one of the
following dispute resolution procedures is the
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