AIC 301 - final exam with correct 100% answers 2024
3 views 0 purchase
Module
Aic
Institution
Aic
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 instrumen...
AIC 301 - final exam with correct 100%
answers 2024
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. - answers-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?
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.
CONT +
,AIC 301 - final exam with correct 100%
answers 2024
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 - answers-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. - answers-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.
CONT +
, AIC 301 - final exam with correct 100%
answers 2024
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. - answers-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. - answers-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 compensation 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 payments toward the full amount due upon contract completion, the
contract is an entire contract, not a divisible one. When possible, courts prefer to interpret
contracts as divisible to avoid hardships that can result from delaying payments under the
contract until full performance has been completed.
CONT +
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tuition. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.30. You're not tied to anything after your purchase.
