Rbr - Study guides, Class notes & Summaries

What is shelter rule? Ans- If you take from a BFP, then you take rights of BFP. Question 4 Owen, the owner of Greenacre, sold it to Alice for 100K. Alice did not record the deed, and left the countr on an extended trip. Owen, seeing an opportunity to make a quick profit, partitioned Greenacre and sold the front half, Frontacre, to Bert in exchange for 50K. Bert, who knew nothing about Alice's interest in the property, promptly recorded his interest. Two months later, Bert sold Fron...

Criminal Law Checklist Ans- I. Principles of Criminal Law II. Accomplice Liability III. Inchoate Offenses IV. Common Law Crimes V. Defenses Principles of Criminal Law Ans- Actus Reus Mens Rea Concurrence Causation Accomplice Liability Ans- The accomplice must have acted with intent to aid or encourage the principal. More than One Party Parties: Principal, Accomplice, Accessory After the Fact Defense of Withdrawal Parties Ans- Principal, Accomplice, or Accessory After the fact...

A Trust is . . . Ans- A conveying relationship Settlor Ans- Creator of the trust. Can also be called Grantor, Donor, Trustor Trustee Ans- A trustee holds legal title to specific property under a fiduciary duty to manage, invest, safeguard, and administer the trust assets and income for the benefit of designated beneficiaries. What are the basic classifications of Trusts? (2) Ans- (1) Express Trusts (2) Operation of Law Trusts What are the kinds of Express Trusts? (3) Ans- 1. Priva...

On his 25th birthday, a young man decided to move to State A. He packed his belongings and shipped them to State A to be stored. He intended to drive his car to State A, stay in a hotel until he found an apartment, and then have his belongings delivered to the apartment. As the man drove away from his State B apartment, he was in an automobile accident and suffered severe injuries. He has remained in State B because of his injuries, but still intends to move to State A when he recupe...

A solo practitioner who does municipal bond work in a single state is nearing retirement age and takes on a young attorney as a partner. Their partnership agreement provides that the solo practitioner will train the young attorney and will receive 75% of the partnership's net earnings during the first three years, and that the young attorney will receive the remaining 25%. The agreement also provides that if the young attorney leaves the partnership before the end of the first three...

MBE BARBRI EXAM QUESTIONS AND ANSWERS

Secured Transactions - Source of Law? Ans- UCC Article 9 What is a secured transaction? Ans- A business deal, generally a loan of money given in exchange for a security interest in personalty (personal property). If borrower doesn't repay, lender can sell the asset to pay off borrower's debt. Types of Collateral (4) Ans- 1. Tangible 2. Consumer Goods 3. Rights in Real Property 4. Intangible Tangible Collateral (3) Ans- 1. Inventory 2. Equipment 3. Farm Products Inventory Ans-...

A statute passed by both houses of Congress and signed by the President authorizes a federal agency to select a site for and to construct a monument honoring members of the capitol police force killed in the line of duty. The statute appropriates the necessary funds but provides that the funds may not be expended until both houses of Congress have adopted a concurrent resolution, not subject to presentment to the President, approving the agency's plans for the monument's location and desig...

Barbri Last 100 MBE Practice | 100% Correct Answers | Verified | Latest 2024 Version

A wealthy philanthropist owned a mansion built to his exact specifications, featuring a pipe organ built into the wall of the music room. The organ was impressive, with beautiful hand-carved wood scrollwork. The accompanying bench was made from the same wood as the organ and was carved to match the patterns on the organ. The bench was fully movable and could be slid into a niche beside the organ when not in use, although the philanthropist usually left the bench in front of the organ...