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