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AIC 301 - FINAL EXAM PREP QUESTIONS QUESTIONS WITH COMPLETE SOLUTIONS
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AIC 301 - FINAL EXAM PREP QUESTIONS QUESTIONS WITH COMPLETE SOLUTIONS
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AIC 301 QUIZ/TEST STUDY QUESTIONSWITH COMPLETE SOLUTIONS
Market sShare sLiability s- scorrect sanswer s✔✔Applies swhen sa sproduct sthat shas sharmed
sa sconsumer scannot sbe straced sto sa ssingle smanufacturer. sThey sare sliable sunless sthey
scan sprove sthey scould snot shave smade sthe sproduct sinvolved.
A sDefense sto sFraud s- scorrect sanswer s✔✔The sdefendant smust smake sthe
srepresentation swith sthe sintent sto sinfluence sthe sother sparty's saction. sIf sthe sdefendant
sdid snot sintend sto sdeceive, sthere sis sno sproof sof sfraud.
Community sProperty s- scorrect sanswer s✔✔Under sthe scommunity sproperty sconcept stwo
stypes sof sproperty scan sbelong sto sa sspouse s- sseparate sproperty sas swell sas scommunity
sproperty. sSeparate sproperty sis sthe srespective sspouse's ssole sproperty sand sit sis sfree
sfrom sthe sother sspouse's sinterest sor scontrol.
Parole sEvidence sRule s(PER) s- scorrect sanswer s✔✔The sparole sevidence srule sprovides
sthat soral sevidence sof sagreements spreceding sor saccompanying sa swritten sinsurance
spolicy scannot sbe sused sto sprove sa swaiver. sThus, sthe sagent's soral sstatements smade sat
sthis stime swould snot sbe sadmitted sinto sevidence sand sthus swould sbe sineffective sas sa
swaiver.
A sprovision sthat sprevents sthe sterms sof sa scontract sfrom sbeing smodified sby sevidence sof
soral sor sother sagreements safter sthe scontract shas sbeen swritten.
Defenses sto sTort sFraud s- scorrect sanswer s✔✔The sstatement swas snot sfalse
The sstatement sdid snot srelate sto sa smaterial sfact s
The sdefendant sdid snot sknow sthe sstatement swas sfalse
The sdefendant sdid snot sintend sto sdeceive s
The splaintiff sdid snot srely son sthe sstatements s
The splaintiff ssuffered sno sharm sor sor sloss sbecause sof srelying son sthe sstatement
A sConstructive sEviction s- scorrect sanswer s✔✔Actions sor sinactions sof sa slandlord sthat
screate sconditions sthat sprevent sa stenant sfrom senjoying sa ssubstantial sor sintegral spart sof
sthe spremise sconstitute sa sconstructive seviction.
Repudiation sof sa sContract s- scorrect sanswer s✔✔repudiation sof sa scontract sis sthe srefusal
sto smeet sobligations sunder sthe scontract, sbut sit smust sbe spositive sand sunequivocal sto
sconstitute sa sbreach. sA sstatement sof sinability sto sperform sin sthe sfuture sis snot
srepudiation. sA sperson scannot ssue sfor sbreach sof scontract suntil sdue sdate sand sperson
shas sfailed sto scomplete sthe sjob.
, Frustration sof sPurpose s- scorrect sanswer s✔✔A srental scontract sis suseless sto sa sperson
ssince sthe soriginal spurpose sfor sthe srental swas sfrustrated sbecause sthe scelebrity swas snot
sthere. sFrustration sof spurpose scan sdischarge sa scontract sthat sis spossible sto sperform,
swhen sa ssupervening sevent sdestroys sthe spropose sor svalue sof sthe scontract, sprovided
sthat sboth sparties sare saware sof sthat spurpose sor svalue.
Direct sAction sStatutes
Garnishment s- scorrect sanswer s✔✔Third sparties sare sgenerally snot sallowed sto ssue
sinsurers sof snegligent sparties swho sinjure sthem sor sdamage stheir sproperty. sSome sstates
shave senacted sdirect saction sstatutes spermitting sthird sparty ssue sinsurer sdirectly sor sboth
sinsurer sand sinsured/wrongdoer/tortfeasor sdirectly s
If sinsured sdenies sclaim spayments safter sjudgement, ssome sstates sallow sthird sparty sto
ssue sthe sinsurer sdirectly sin sa sstatutory saction scalled sgarnishment.
Consequential sDamages s- scorrect sanswer s✔✔The sloss sof sthe sentry sfee smoney sis san
sexample sof sconsequential sdamages. sConsequential sdamages sare sawarded sby scourt
sto sindemnify sinjured sparties sfor slosses sthat sresult sindirectly sfrom sa swrong, ssuch sas sa
sbreach sof scontract sas sin sthis ssituation.
Enterprise/Industry-Wide sLiability
Alternative sLiability s
Market sShare sLiability s
Concert sof sAction s
Conspiracy s- scorrect sanswer s✔✔Each sproducer sheld sliable sbased son sits smarket sshare
shifting sburden sof sproof sto seach sof sseveral sdefendants swhen suncertain swho scaused
sthe sinjury; seach smust sprove seither sthey sdid snot scause sharm sor ssomeone selse sdid
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