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BL Final Review MC Part 3
Test Description: Q 61-80
Instructions: Answer all questions to get your test result.
1) A will that was written entirely by the decedent's own hand and signed by him or her is
A
a nuncupative will
B
a testamentary trust
C
a codicil
D
a holographic will
2) Bailment may end
A
if one party declares bankruptcy
B
any of these
C
if the parties mutually agree to end it
D
if the bailed property is destroyed
3) When the bailee will be strictly liable for any damage, loss, or injury to the goods, the duty of care is
A
ordinary
B
extraordinary
C
minimal
D
fungible
4) A test for distinguishing real and personal property other than mobility would be
A
attachment
B
adaptation
C
intention
D
all of these
5) A leasehold for a definite period of time identifying a specific date for the ending of the lease is
A
tenancy at sufferance
B
tenancy for year
C
a periodic tenancy
D
tenancy at will
6) The most important tenant duty is paying the rent on time, but a tenant also has a duty
A
of reasonable care to return the property in the same condition
B
of maintaining public areas
C
of care to those who enter the property
D
both taking care of those who enter and reasonable care to return the property in the same condition
7) Automobile insurance, burglary, robbery, theft, and larceny, disability, accident, health insurance, and liability insurance all fall under the major insurance classification of
A
fidelity
B
social
C
inland marine
D
casualty
8) A will can be completely revoked, rather than being amended
A
by a written revocation in a later will
B
by defacing it or a written revocation
C
by doing something to the will that clearly indicates intent to revoke it, such as destroying or defacing it
D
by divorce
9) Any writing that appoints someone as an agent is called a
A
power of attorney
B
scope of authority
C
warranty of principal's capacity
D
fiduciary duty
10) The duty that survives the agency relationship and binds the agent even years after the agency relationship has ended is
A
accounting
B
reasonable care and skill
C
loyalty and obedience
D
confidentiality
11) An agent is liable to the third person when
A
the principal lack contractual capacity
B
the agent acts outside of their scope of authority and/or the principal lacks contractual capacity
C
the agent acts outside the scope of his or her authority
D
none of these
12) An independent contractor
A
is an employee
B
agrees to do a range of tasks under the direction and control of the employer
C
agrees to produce a finished job without being supervised
D
none of these
13) Which of the following federal statutes applies primarily to women
A
Equal Pay Act of 1963
B
Age Discrimination in Employment Act of 1967
C
Civil Rights Act of 1964
D
Americans with Disabilities Act of 1990
14) The general requirement is that an agent must be
A
18 years of age or older
B
able to understand the transaction
C
both able to understand the transaction and 18 or older
D
none of these
15) The power to do anything that is reasonable necessary to carry out the duties expressly authorized is
A
express authority
B
ratification
C
apparent authority
D
implied authority
16) The duty of accounting should not involve
A
prompt notification of receipts
B
formal statements
C
commingling
D
trust accounts
17) The principal will be liable if
A
all of the above
B
the agent engaged in illegal activity at the principal's direction
C
the agent was acting to advance the interests of the principal
D
the agent's unauthorized acts were ratified
18) An employer owes a duty to the employee to
A
abide by the Fair Labor Standards Act
B
all of the above
C
provide safe working conditions
D
treat workers in a reasonable manner
19) Limitation on the power to terminate without cause might be
A
wrongful discharge
B
job discrimination
C
all of the above
D
union activities
20) The Civil Rights Act of 1964
A
forbids employers, employment agencies, and unions from discriminating against protected classes
B
sets up the Equal Employment Opportunity Commission
C
both of these
D
none of these
*select an answer for all questions
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