Law Flashcards
When a funeral director has a dead human body in his/her care, he/she is properly termed a:
Bailee
Bailor
Consignor
Custodian
Custodian
An addition or modification of a will is known as a:
Codicil
Deed
Gift
Letters Testamentary
Codicil
A person appointed by the court to oversee the estate of an intestate is called:
Administrator
Executor
Heir
Legatee
Administrator
When a person dies without a will, he is said to die:
Administrator
Executor
Intestate
Testate
Intestate
What is a written disposition of property, real or personal, to take effect at the death of an individual?
Deed
Lease
Promissory Note
Will
Will
What is a private or civil wrong, either intentional or caused by negligence, for which there may be action for damages?
Fraud
Tort
Undue Influence
Unjust Enrichment
Tort
In order to be enforceable, a valid contract must meet which of the following requirements?
- Mutual Agreement
- Competent Parties
- Supported by Consideration
- Lawful Purpose
1
1 and 2
1, 2, and 3
1, 2, 3 and 4
1, 2, 3 and 4
What is a breach of duty of care one individual has toward others?
Civil Law
Criminal offense
Negligence
Promissory Estoppel
Negligence
What is the election to void a contact called?
Disaffirmance
Forbearance
Ratification
Usury
Disaffirmance
The maximum amount of interest that may be charged is called the:
Capital Rate
Contract Rate
Legal Rate
Prime Rate
Contract Rate
Whatever the promisor demands and receives as the price for his promise is called:
Consideration
Disaffirmance
Forbearance
Ratification
Consideration
What are customs which have come to be recognized by the courts as law?
Case Law
Common Law
Constitutional Law
Criminal Law
Common Law
What are written instruments drawn in a special form, which can be transferred from person to person as a substitute for money or as instruments of credit?
Bailments
Contracts
Fungibles
Negotiable Instruments
Negotiable Instruments
When one party to a contract breaches it, the other party has the right to sue for breach of contract, but he must exercise this right within the time fixed by a statute which is called:
Statute of Contracts
Statute of Frauds
Statute of Limitations
Statute of Time
Statute of Limitations
What are damages awarded an injured party in a contract in which the injured party is entitled to compensation for the exact amount of the loss?
Compensatory Damages
Liquidated Damages
Nominal Damages
Punitive Damages
Compensatory Damages
An association of individuals united for a common purpose and permitted by law to use a common name and to change its members without dissolution of the association is a(n):
Cooperative
Corporation
Partnership
Proprietorship
Corporation
All physical items that are not real property are classified as:
General Property
Perpetual Property
Personal Property
Short-Term Property
Personal Property
What is law whose purpose is to compensate the aggrieved, not punish the wrongdoer?
Business Law
Criminal Law
State Law
Tort Law
Tort Law
What is personal property that can be seen and touched?
Intangible Personal Property
Limited Personal Property
Real Property
Tangible Personal Property
Tangible Personal Property
A corporation has a distinct existence separate and apart from the existence of its individual members which is known as a(n):
Annuity
Entity
Fiduciary
Proprietary
Entity
What is a will written entirely by the testator with his/her own hand?
Holographic Will
Noncupative Will
Regular Will
Testate Will
Holographic Will
Of the following, under normal circumstances, the one(s) having the primary right to control final disposition of a deceased person is:
Brothers and Sisters
Children of Legal Age
Grandparents
Parents
Children of Legal Age
The condition of an estate of a deceased person which is unable to pay debts of the decedent and/or the estate is referred to as being:
Insolvent Estate
Intestacy per Capita
Intestacy per Stirpes
Solvent Estate
Insolvent Estate
What is the most important statute in the field of business law?
Common Law
The Business Code of Ethics
The Federal Tort Claims Act
The Uniform Commercial Code
The Uniform Commercial Code
When a dead human body is in the mortuary, the funeral home is said to have:
Actual Custody
Constructive Custody
Contract of Custody
Present Custody
Actual Custody
The doctrine of stare decisis is concerned with:
Case Law
Criminals
Sits
Torts
Case Law
What is the court having sole jurisdiction over an estate?
County Court of Law
Justice of the Peace
Magistrates Court
Probate Court
Probate Court
What is the law concerned primarily with those rules of conduct involving financial transactions between individuals or legal entities?
Business Law
Criminal Law
Martial Law
Tort Law
Business Law
A contract made with which of these people would be considered void?
Adult
Intoxicated Person
Judicially Declared Insane Person
Minor
Judicially Declared Insane Person
A newspaper advertisement can be an offer if it shows:
Intent
Markup
Mutual Agreement
The Price
Intent
Which of the following is a term for blood kin?
Consanguinity
Consideration
Relations
Up-Line
Consanguinity
Which of the following is a mistake that does NOT render a contractual agreement defective?
Existence of the Subject Matter
Identity of the Party or Parties
Identity of the Subject Matter
Terms of the Contract
Terms of the Contract
The Statute of Frauds states that for contracts classified under this statute to be enforceable they must be:
Express Contracts
Oral Contracts
Under Seal
Written Contracts
Written Contracts
Oral contracts are:
Spoken
Unenforceable
Void
Voidable
Spoken
A contract which is based upon acts being done in consideration for a promise is called:
A Bilateral Contract
A Formal Contract
A Unilateral Contract
An Express Contract
A Unilateral Contract
A contract must always be:
A Probated Contract
An Agreement
An Executed Contract
An Implied Contract
An Agreement
A contract in which the duties and obligations assumed by the parties are not verbalized but indicated by their actions is known as:
A Bilateral Contract
A Unilateral Contract
An Express Contract
An Implied Contract
An Implied Contract
Reasonable care, under the circumstances, is a required standard in ordinary bailments by the :
Agent
Assessor
Bailee
Bailor
Bailee
In bailment, the person who retains title but gives up possession of the goods is the:
Bailee
Bailor
Consignee
Contractor
Bailor
When a buyer makes a selection of goods which are to be purchased from the seller, the goods are classified as:
Existing Goods
Fungible Goods
Future Goods
Identified Goods
Identified Goods
What is a document of title which sets forth the contract between the shipper and carrier?
Bill of Consignment
Bill of Contents
Bill of Lading
Bill of Shipment
Bill of Lading
What does “Caveat Emptor” mean?
Beware of the seller
Let the buyer beware
Let the seller beware
Merchant beware
Let the buyer beware