Mix

Question 1

Age discrimination in Employment Act applies to

Answer 1

Employment of individual at least 40yrs old by businesses employing at least 20people

Question 2

Landlord’s constructive eviction of a tenant who has a written lease for the property

Answer 2

Failing to provide utilities makes the premises uninhabitable and effectively forces the tenant to move

Question 3

Unified transfer tax system is formed by

Answer 3

The estate, gift and generation skipping transfer taxes

Apply 40%tax rate on cumulative basis both life and death transfers

Question 4

Preferences and preferential transfers

Answer 4

A secured creditor is not an insider for the purposes of a preferential transfer

Question 5

Under notice type statute

Answer 5

A subsequent good faith mortgagee has priority over previous mortgage who didnt file

Question 6

Recordation of a warranty deed with full covenants

Answer 6

Irrelevant if subsequent party claiming superior title had actual notice of unrecored deed

Cuz primary purpose of recording is to protect the grantee against subsequent purchasers by putting notice

Question 7

Auction without reserve

Answer 7

After the auctioneer calls for bids on the auction item, item cant be withdraw unless no bid is made within a reasonable time

Question 8

Auction with reserve

Answer 8

Auctioneer may withdraw the goods at any time until he announces completion of the sale