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AIC 301 Final Exam Prep Questions With 100% Correct And Verified Answers
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AIC 301 Final Exam Prep Questions With 100% Correct And Verified Answers
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AIC 301 Final Exam Prep Questions With100% Correct And Verified Answers
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. - Correct Answer-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.
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
- Correct Answer-D. Charlotte is liable to the officer for the
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,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. - Correct
Answer-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.
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. - Correct Answer-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
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, 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. - Correct Answer-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.
Fatima owns a cafe that is open to the public. Kaito enters
the cafe and orders a coffee. Kaito is a(n)
Select one:
A. Public invitee.
B. Business invitee.
C. Express licensee.
D. Trespasser. - Correct Answer-B. Business invitee.
James wants to pursue a legal claim against his neighbor,
but he does not know what kind of dispute resolution
procedure is the best choice for his situation. The dispute is
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