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