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AIC 301 Simulated Exam 2024/2025 With complete solutions latest update
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AIC 301 Simulated Exam 2024/2025 With complete solutions latest update
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Chem 219Passed!!
2024/2025
AIC 301 Simulated Exam
A. Whether the parties' intention was to cover property the brothers owned as
partners, property they owned individually, or both.
Correct. Parol evidence can establish whether the parties' intention was to cover
property the brothers owned as partners, property they owned individually, or
both.
The Martin brothers, Larry and Kent, each own a home and share ownership of
tools, equipment, and home furnishings. They also have three vehicles, two of
which are owned by Kent, and the third is owned jointly. Their property is covered
under policies issued by Insurance Company, and all policies refer to the
description of property insured as "property of the Martin brothers." Since the
insurance policies are ambiguous as to the property insured, parol evidence can
establish
A. Whether the parties' intention was to cover property the brothers owned as
partners, property they owned individually, or both.
B. The distribution of the property.
C. Whether the insurance contract is valid because of its ambiguous wording.
D. Any illegality, fraud, or mistake involved in the brothers' attempt to obtain
insurance coverage.
D. And receive as damages the amount of the remaining rent payments.
Correct. Leon may treat Adam's abandoned property as an anticipatory breach
and receive the amount of the remaining rent payments as damages.
Constructive eviction occurs when actions or inactions of a landlord prevent the
tenant from enjoying a substantial or integral part of the premises. Leon retains
his rights as landlord and may rent the property at will.
Tenant Adam defaulted on his rent payments to landlord Leon. Adam left town
and abandoned his personal property. Leon can treat Adam's abandoned
property as an anticipatory breach
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