BL Final Review MC Part 3: Question Preview (ID: 22976)

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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 codicil
c) a nuncupative will
d) a testamentary trust

Bailment may end
a) any of these
b) if the bailed property is destroyed
c) if one party declares bankruptcy
d) if the parties mutually agree to end it

When the bailee will be strictly liable for any damage, loss, or injury to the goods, the duty of care is
a) extraordinary
b) fungible
c) minimal
d) ordinary

A test for distinguishing real and personal property other than mobility would be
a) all of these
b) adaptation
c) attachment
d) intention

A leasehold for a definite period of time identifying a specific date for the ending of the lease is
a) tenancy for year
b) tenancy at will
c) tenancy at sufferance
d) a periodic tenancy

The most important tenant duty is paying the rent on time, but a tenant also has a duty
a) both taking care of those who enter and 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) of reasonable care to return the property in the same condition

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) fidelity
c) inland marine
d) social

A will can be completely revoked, rather than being amended
a) by doing something to the will that clearly indicates intent to revoke it, such as destroying or defacing it
b) by a written revocation in a later will
c) by divorce
d) by defacing it or a written revocation

Any writing that appoints someone as an agent is called a
a) power of attorney
b) fiduciary duty
c) scope of authority
d) warranty of principal's capacity

The duty that survives the agency relationship and binds the agent even years after the agency relationship has ended is
a) confidentiality
b) accounting
c) loyalty and obedience
d) reasonable care and skill

An agent is liable to the third person when
a) the agent acts outside of their scope of authority and/or the principal lacks contractual capacity
b) the principal lack contractual capacity
c) the agent acts outside the scope of his or her authority
d) none of these

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

Which of the following federal statutes applies primarily to women
a) Equal Pay Act of 1963
b) Civil Rights Act of 1964
c) Age Discrimination in Employment Act of 1967
d) Americans with Disabilities Act of 1990

The general requirement is that an agent must be
a) able to understand the transaction
b) 18 years of age or older
c) both able to understand the transaction and 18 or older
d) none of these

The power to do anything that is reasonable necessary to carry out the duties expressly authorized is
a) implied authority
b) express authority
c) apparent authority
d) ratification

The duty of accounting should not involve
a) commingling
b) formal statements
c) prompt notification of receipts
d) trust accounts

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

An employer owes a duty to the employee to
a) all of the above
b) provide safe working conditions
c) treat workers in a reasonable manner
d) abide by the Fair Labor Standards Act

Limitation on the power to terminate without cause might be
a) all of the above
b) job discrimination
c) union activities
d) wrongful discharge

The Civil Rights Act of 1964
a) both of these
b) forbids employers, employment agencies, and unions from discriminating against protected classes
c) sets up the Equal Employment Opportunity Commission
d) none of these

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