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Final Exam- Business Law Test 2 Questions and Answers 100% Pass
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Final Exam- Business Law Test 2 Questions andAnswers 100% Pass
A lease that has no stated duration and can be terminated by either party with notice is a
tenancy at will Correct-true
Al, Bill, Chad, and Dan were found jointly and severally liable for $100,000 of property
damages caused when a fraternity initiation event got out of hand. Al, Bill, and Chad do not
have the money to pay for their share of the damages. The only solvent defendant is Dan. The
most that Dan will have to pay the plaintiff is Correct-$100,000
Libel is oral defamation, while slander is written Correct-false
Sam agreed that Juan would lease the apartment over his garage until the construction of
Juan's new house was completed. No time was set for how long the lease would last. This is
an example of tenancy Correct-at will
In a bailment transaction , who holds title to the bailed goods? Correct-the bailor
The gift of real property in a will is a Correct-devise
, Final Exam- Business Law Test 2 Questions and
Answers 100% Pass
Manufacturers may be subject to product liability suits based on negligence if they fail to
provide adequate instructions for the use of the product Correct-true
The place where something is located, such as land, is called the situs. Correct-true
The person who is designated in a will to settle the affairs of the estate is the Correct-
executor
Big 60s British Rock Star had a contract to perform a Shady Pines Retirement home, where
many of his fans now lived. Sunnydale retirement village, a business rival, convinced Rock Star
to breach his contract with Shady Pines. For what could Shady Pines sue Sunnyvale?
Correct-Interference with a contractual relationship
State statutes protect hotels from being sued by patrons whose rooms are robbed if the
hotels make safes available for patron use and notify patrons of liability limits Correct-true
The most complete bundle of legal rights in real property is a qualified fee simple Correct-
false
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