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AIC 301 - FINAL EXAM PREP QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
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AIC 301 - FINAL EXAM PREP QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
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AIC 301 - FINAL EXAM PREPQUESTIONS AND ANSWERS WITH
SOLUTIONS 2024
TheQactQofQleavingQaQdangerousQarticleQsuchQasQaQgunQorQcarQwithQaQpersonQwhoQtheQlenderQknows,QorQsh
ouldQknow,QisQlikelyQtoQuseQitQinQanQunreasonablyQriskyQmannerQisQknownQas
SelectQone:
A.QNegligentQentrustment.
B.QContributoryQnegligence.
C.QNegligentQsupervision.
D.QTheQdangerousQinstrumentalityQdoctrine.Q-QANSWERQA.QNegligentQentrustment.
TheQactQofQleavingQaQdangerousQarticleQsuchQasQaQgunQorQcarQwithQaQpersonQwhoQtheQlenderQknows,QorQsh
ouldQknow,QisQlikelyQtoQuseQitQinQanQunreasonablyQriskyQmannerQisQknownQas
SelectQone:
A.QNegligentQentrustment.
B.QContributoryQnegligence.
C.QNegligentQsupervision.
D.QTheQdangerousQinstrumentalityQdoctrine.Q-QANSWERQA.QNegligentQentrustment.
ThereQwasQaQlargeQunmarkedQsinkholeQonQCharlotte'sQproperty,QaQshortQdistanceQfromQaQpublicQroad.QOn
eQevening,QaQpoliceQofficerQchasedQaQmuggerQoffQtheQroadQandQontoQCharlotte'sQproperty.QBothQtheQoffice
rQandQtheQmuggerQfellQintoQtheQholeQandQwereQinjured.QWhichQoneQofQtheQfollowingQbestQanswersQwheth
erQCharlotteQisQliableQforQtheQinjuriesQtoQtheQpoliceQofficerQand/orQtoQtheQmugger?
SelectQone:
A.QCharlotteQisQnotQliableQtoQeitherQtheQofficerQorQtheQmugger,QbecauseQoccupiersQofQlandQhaveQnoQdutyQt
oQcorrectQdefectsQabuttingQsidewalksQorQstreets.
B.QCharlotteQisQliableQtoQbothQtheQofficerQandQtheQmugger,QbecauseQsheQhadQaQdutyQtoQavoidQendangering
QtravelersQwithQanQunguardedQditch.
C.QCharlotteQisQnotQliableQtoQtheQofficerQorQtheQmugger,QbecauseQtheyQwereQbothQtrespassersQonQherQpro
perty.
,D.QCharlotteQisQliableQtoQtheQofficerQforQtheQunguardedQditch,QbecauseQtheQofficerQwasQaQlicensee,QbutQsh
eQisQnotQliableQtoQtheQtresQ-
QANSWERQD.QCharlotteQisQliableQtoQtheQofficerQforQtheQunguardedQditch,QbecauseQtheQofficerQwasQaQlicens
ee,QbutQsheQisQnotQliableQtoQtheQtrespassingQmugger.
ThereQwasQaQlargeQunmarkedQsinkholeQonQCharlotte'sQproperty,QaQshortQdistanceQfromQaQpublicQroad.QOn
eQevening,QaQpoliceQofficerQchasedQaQmuggerQoffQtheQroadQandQontoQCharlotte'sQproperty.QBothQtheQoffice
rQandQtheQmuggerQfellQintoQtheQholeQandQwereQinjured.QWhichQoneQofQtheQfollowingQbestQanswersQwheth
erQCharlotteQisQliableQforQtheQinjuriesQtoQtheQpoliceQofficerQand/orQtoQtheQmugger?
SelectQone:
A.QCharlotteQisQnotQliableQtoQeitherQtheQofficerQorQtheQmugger,QbecauseQoccupiersQofQlandQhaveQnoQdutyQt
oQcorrectQdefectsQabuttingQsidewalksQorQstreets.
B.QCharlotteQisQliableQtoQbothQtheQofficerQandQtheQmugger,QbecauseQsheQhadQaQdutyQtoQavoidQendangering
QtravelersQwithQanQunguardedQditch.
C.QCharlotteQisQnotQliableQtoQtheQofficerQorQtheQmugger,QbecauseQtheyQwereQbothQtrespassersQonQherQpro
perty.
D.QCharlotteQisQliableQtoQtheQofficerQforQtheQunguardedQditch,QbecauseQtheQofficerQwasQaQlicensee,QbutQsh
eQisQnotQliableQtoQtheQtresQ-
QANSWERQD.QCharlotteQisQliableQtoQtheQofficerQforQtheQunguardedQditch,QbecauseQtheQofficerQwasQaQlicens
ee,QbutQsheQisQnotQliableQtoQtheQtrespassingQmugger.
AntoniaQwasQaQlifeQtenantQwhoQoccupiedQaQhouseQatQ33QMainQStreet.QEmilQhadQaQremainderQinterestQinQt
heQpropertyQandQplannedQtoQoccupyQitQafterQAntonia'sQdeath.QAntoniaQobtainedQpropertyQinsuranceQcove
ringQtheQhouse,QthroughQRichleyQInsuranceQCo.QTheQhouseQwasQdestroyedQbyQfireQduringQAntonia'sQlifeQes
tate.QRichleyQmustQpayQtheQinsuranceQpolicyQproceedsQto
SelectQone:
A.QEmil,QunderQtheQdoctrineQofQequitableQconversion.
B.QAntonia,QsinceQsheQoccupiedQtheQhouseQatQtheQtimeQofQtheQfire.
C.QAntonia,QbecauseQlifeQtenantsQcanQrecoverQtheQentireQvalueQofQtheQpropertyQthatQtheyQinsure.
D.QEmil,QbecauseQheQwillQultimatelyQownQtheQproperty.Q-
QANSWERQC.QAntonia,QbecauseQlifeQtenantsQcanQrecoverQtheQentireQvalueQofQtheQpropertyQthatQtheyQinsur
e.
AntoniaQwasQaQlifeQtenantQwhoQoccupiedQaQhouseQatQ33QMainQStreet.QEmilQhadQaQremainderQinterestQinQt
heQpropertyQandQplannedQtoQoccupyQitQafterQAntonia'sQdeath.QAntoniaQobtainedQpropertyQinsuranceQcove
,ringQtheQhouse,QthroughQRichleyQInsuranceQCo.QTheQhouseQwasQdestroyedQbyQfireQduringQAntonia'sQlifeQes
tate.QRichleyQmustQpayQtheQinsuranceQpolicyQproceedsQto
SelectQone:
A.QEmil,QunderQtheQdoctrineQofQequitableQconversion.
B.QAntonia,QsinceQsheQoccupiedQtheQhouseQatQtheQtimeQofQtheQfire.
C.QAntonia,QbecauseQlifeQtenantsQcanQrecoverQtheQentireQvalueQofQtheQpropertyQthatQtheyQinsure.
D.QEmil,QbecauseQheQwillQultimatelyQownQtheQproperty.Q-
QANSWERQC.QAntonia,QbecauseQlifeQtenantsQcanQrecoverQtheQentireQvalueQofQtheQpropertyQthatQtheyQinsur
e.
CristobalQisQinQtheQprocessQofQpurchasingQaQhomeQfromQLeah.QTheyQareQinQtheQexecutoryQperiod.QThisQme
ansQthat
SelectQone:
A.QCristobalQandQLeahQhaveQsignedQtheQrealQestateQsalesQcontract,QbutQhaveQnotQyetQclosed.
B.QCristobalQhasQmadeQanQofferQandQLeahQhasQacceptedQverbally.
C.QCristobalQandQLeahQhaveQsignedQtheQrealQestateQsalesQcontractQandQhaveQgoneQtoQclosing.
D.QCristobalQhasQmadeQaQverbalQoffer,QwhichQLeahQisQconsidering.Q-
QANSWERQA.QCristobalQandQLeahQhaveQsignedQtheQrealQestateQsalesQcontract,QbutQhaveQnotQyetQclosed.
CristobalQisQinQtheQprocessQofQpurchasingQaQhomeQfromQLeah.QTheyQareQinQtheQexecutoryQperiod.QThisQme
ansQthat
SelectQone:
A.QCristobalQandQLeahQhaveQsignedQtheQrealQestateQsalesQcontract,QbutQhaveQnotQyetQclosed.
B.QCristobalQhasQmadeQanQofferQandQLeahQhasQacceptedQverbally.
C.QCristobalQandQLeahQhaveQsignedQtheQrealQestateQsalesQcontractQandQhaveQgoneQtoQclosing.
D.QCristobalQhasQmadeQaQverbalQoffer,QwhichQLeahQisQconsidering.Q-
QANSWERQA.QCristobalQandQLeahQhaveQsignedQtheQrealQestateQsalesQcontract,QbutQhaveQnotQyetQclosed.
KirkQcontractsQwithQErnestQforQfiveQshipmentsQofQfreshQproduceQatQaQspecificQpriceQperQshipmentQdueQatQt
heQtimeQofQdelivery.QKirkQfailsQtoQshipQtheQthirdQshipment.QTheQcontractQbetweenQKirkQandQErnestQis
SelectQone:
A.QVoid.Q
, B.QUnilateral.
C.QDivisible.
D.QEntire.Q-
QANSWERQC.QDivisible.QAQcontractQisQdivisibleQifQeachQparty'sQperformanceQcanQbeQdividedQintoQtwoQorQm
oreQpartsQandQifQitQappearsQthatQtheQpartiesQtoQtheQcontractQcontemplatedQseparateQcompensationQforQe
achQinstallmentQofQtheQperformance.QFailureQtoQperformQoneQinstallmentQisQnotQfailureQtoQperformQtheQe
ntireQagreement.QIfQtheQcontractQisQdividedQintoQpartsQonlyQtoQprovideQperiodicQpaymentsQtowardQtheQfull
QamountQdueQuponQcontractQcompletion,QtheQcontractQisQanQentireQcontract,QnotQaQdivisibleQone.QWhenQp
ossible,QcourtsQpreferQtoQinterpretQcontractsQasQdivisibleQtoQavoidQhardshipsQthatQcanQresultQfromQdelayin
gQpaymentsQunderQtheQcontractQuntilQfullQperformanceQhasQbeenQcompleted.
KirkQcontractsQwithQErnestQforQfiveQshipmentsQofQfreshQproduceQatQaQspecificQpriceQperQshipmentQdueQatQt
heQtimeQofQdelivery.QKirkQfailsQtoQshipQtheQthirdQshipment.QTheQcontractQbetweenQKirkQandQErnestQis
SelectQone:
A.QVoid.Q
B.QUnilateral.
C.QDivisible.
D.QEntire.Q-
QANSWERQC.QDivisible.QAQcontractQisQdivisibleQifQeachQparty'sQperformanceQcanQbeQdividedQintoQtwoQorQm
oreQpartsQandQifQitQappearsQthatQtheQpartiesQtoQtheQcontractQcontemplatedQseparateQcompensationQforQe
achQinstallmentQofQtheQperformance.QFailureQtoQperformQoneQinstallmentQisQnotQfailureQtoQperformQtheQe
ntireQagreement.QIfQtheQcontractQisQdividedQintoQpartsQonlyQtoQprovideQperiodicQpaymentsQtowardQtheQfull
QamountQdueQuponQcontractQcompletion,QtheQcontractQisQanQentireQcontract,QnotQaQdivisibleQone.QWhenQp
ossible,QcourtsQpreferQtoQinterpretQcontractsQasQdivisibleQtoQavoidQhardshipsQthatQcanQresultQfromQdelayin
gQpaymentsQunderQtheQcontractQuntilQfullQperformanceQhasQbeenQcompleted.
FatimaQownsQaQcafeQthatQisQopenQtoQtheQpublic.QKaitoQentersQtheQcafeQandQordersQaQcoffee.QKaitoQisQa(n)
SelectQone:
A.QPublicQinvitee.
B.QBusinessQinvitee.
C.QExpressQlicensee.
D.QTrespasser.Q-QANSWERQB.QBusinessQinvitee.
FatimaQownsQaQcafeQthatQisQopenQtoQtheQpublic.QKaitoQentersQtheQcafeQandQordersQaQcoffee.QKaitoQisQa(n)
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