A. Most duties can be performed by an agent instead of a principal EXCEPT the following

A) administrative or clerical.

B) mechanical or tedious.

C) translation or contract.

D) special skill or fiduciary.

E) dangerous or tedious.

B. The simplest form of business where the owner and business are not legally distinct entities is called:

A) a sole proprietorship.

B) a partnership.

C) a limited liability corporation.

D) a corporation.

E) franchise.

C. A lease arrangement, written in advance, that includes a definite beginning date and end date specified in the lease is known as a(n)..

A) estate for years.

B) periodic tenancy.

C) tenancy at will.

D) tenancy at sufferance.

E) terminable tenancy.

D. A month-to-month lease which automatically renews until advance notice is given by one of the parties is known as a(n):

A) Estate for years.

B) periodic tenancy.

C) tenancy at will.

D) tenancy at sufferance.

E) terminable tenancy.

E. An agreement that transfers property from Party A to a third party for the purpose of administering that property to benefit Party B is called a(n)...

A) trust arrangement.

B) insurance contract.

C) will instrument.

D) insurable interest arrangement.

E) estate agreement.

F. Under the doctrine of abusive (wrongful discharge),which one is NOT an example of acceptable reasons for firing an "at-will" employee who wishes to seek damages through a lawsuit.:

A) An employee exercises a statutory right.

B) An employee refuses to adhere to the company's requirement for wearing safety equipment.

C) An employee physically assaults another employee at the job site.

D) An employee comes to work intoxicated.

E) A newly hired employee refuses to provide employment eligibility information.