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AIC 301 FINAL EXAM PREP QUESTIONS AND ANSWERS 2025
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AIC 301 FINAL EXAM PREP QUESTIONS AND ANSWERS 2025
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AIC 301 FINAL EXAM PREP QUESTIONSAND ANSWERS 2025
The,act,of,leaving,a,dangerous,article,such,as,a,gun,or,car,with,a,person,who,the,lender,knows,,o
r,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.,-,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,t
he,officer,and,the,mugger,fell,into,the,hole,and,were,injured.,Which,one,of,the,following,best,an
swers,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,d
uty,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,endang
ering,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,,bu
t,she,is,not,liable,to,the,tres,-
,ANSWER,D.,Charlotte,is,liable,to,the,officer,for,the,unguarded,ditch,,because,the,officer,was,a,li
censee,,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,insur
ance,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.,-
,ANSWER,C.,Antonia,,because,life,tenants,can,recover,the,entire,value,of,the,property,that,they,i
nsure.
Cristobal,is,in,the,process,of,purchasing,a,home,from,Leah.,They,are,in,the,executory,period.,Thi
s,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.,-
,ANSWER,A.,Cristobal,and,Leah,have,signed,the,real,estate,sales,contract,,but,have,not,yet,close
d.
Kirk,contracts,with,Ernest,for,five,shipments,of,fresh,produce,at,a,specific,price,per,shipment,du
e,at,the,time,of,delivery.,Kirk,fails,to,ship,the,third,shipment.,The,contract,between,Kirk,and,Erne
st,is
Select,one:
A.,Void.,
B.,Unilateral.
C.,Divisible.
D.,Entire.,-
,ANSWER,C.,Divisible.,A,contract,is,divisible,if,each,party's,performance,can,be,divided,into,two,
or,more,parts,and,if,it,appears,that,the,parties,to,the,contract,contemplated,separate,compensa
tion,for,each,installment,of,the,performance.,Failure,to,perform,one,installment,is,not,failure,to,
perform,the,entire,agreement.,If,the,contract,is,divided,into,parts,only,to,provide,periodic,paym
ents,toward,the,full,amount,due,upon,contract,completion,,the,contract,is,an,entire,contract,,no
t,a,divisible,one.,When,possible,,courts,prefer,to,interpret,contracts,as,divisible,to,avoid,hardshi
, ps,that,can,result,from,delaying,payments,under,the,contract,until,full,performance,has,been,co
mpleted.
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.,-,ANSWER,B.,Business,invitee.
James,wants,to,pursue,a,legal,claim,against,his,neighbor,,but,he,does,not,know,what,kind,of,disp
ute,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,woul
d,be,pleased,if,he,and,his,neighbor,could,reach,a,compromise,,but,,ideally,,James,wants,to,be,ab
le,to,walk,away,with,a,binding,decision.,Assuming,that,James',neighbor,will,agree,to,participate,i
n,whatever,procedure,James,suggests,,which,one,of,the,following,dispute,resolution,procedures
,is,the,best,choice,for,James?
Select,one:
A.,Mediation
B.,Negotiation
C.,Arbitration
D.,Litigation,-,ANSWER,C.,Arbitration
Chloe,is,investigating,Thomas',claim,for,damage,to,his,automobile.,Thomas,is,not,cooperating,wi
th,Chloe's,attempts,to,schedule,an,adjuster,to,inspect,the,vehicle.,Chloe,should
Select,one:
A.,Issue,a,unilateral,waiver,of,rights,letter.
B.,Issue,a,unilateral,reservation,of,rights,letter.
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