Exam (elaborations)
AAMI Comprehensive Review Arts Week 4 - Law, Mortuary Law, FTC questions with correct answers
- Course
- Institution
AAMI Comprehensive Review Arts Week 4 - Law, Mortuary Law, FTC questions with correct answers
[Show more]
Content preview
AAMI Comprehensive Review Arts Week 4 - Law,Mortuary Law, FTC questions with correct answers
Recipient of the proceeds of a life insurance policy; one who inherits
property specified in a will. Correct Answer-Beneficiary
An agreement between two or more competent parties which is
enforceable by law. Correct Answer-Contract
Correct Answer-Common Law
An award paid to the plaintiff in order to punish the defendant, not to
compensate the plaintiff. Correct Answer-Punitive Damages
The principle that the decision of a higher court should serve as a guide
or precedent and control the decision of a similar case in the future.
Correct Answer-Stare Decisis
A private or civil wrong, other than breech of contract, for which there
may be action for damages. Correct Answer-Tort
Laws which are enacted by legislative bodies. Correct Answer-Statutes
An agreement of no legal effect. Correct Answer-Void Contract
A proposal to make a contract. Correct Answer-Offer
,Transfer of possession, but not the title, of personal property by one
party or another, under agreement. Correct Answer-Bailment
That which the promissor demands and receives as the price for a
promise. Correct Answer-Consideration
Contracts in which the terms have been fulfilled. Correct Answer-
Executed Contract
One who contracts to perform certain tasks for a set free, but who is
independent of the control of the contracting party as to a means by
which the contract is executed, except for specifications established in
the contract. Correct Answer-Independent Contractor
Failure to exercise ordinary care; omission to do something which is
reasonable prudent person would do under ordinary circumstances or the
doing of something which a reasonable and prudent person would not
do; the lack of due care. Correct Answer-Negligence
The annulment or cancellation of an instrument, act or promise by one
doing or making the offer. Correct Answer-Revocation
Land and those objects permanently attached to the land. Correct
Answer-Real Property
, A negotiable instrument containing a promise to pay. Correct Answer-
Promissory Note
One who initiates a civil action. Correct Answer-Plaintiff
Recognized as the most important statute in business law, it includes
provisions which regulate certain sales of goods and negotiable
instruments. Correct Answer-Uniform Commercial Code
Guarantee made by a seller that an article, good or service will conform
to a certain standard or will operate in a certain manner. Correct
Answer-Warranty
Improper influence that is asserted by one dominant person over another,
without the threat of harm. Correct Answer-Undue Influence
Contract existing between the consignor and the carrier. Correct
Answer-Bill of Lading
One who ships goods by common carrier. Correct Answer-Consignor
The person who executes a draft Correct Answer-Drawer
Rate of interest which exceeds the maximum that is allowed. Correct
Answer-Usury
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 or Stuvia-credit 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 cracker. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
