Question: Question 1 1 ( 0 . 5 points ) Carl dies without a will, survived by his granddaughter Dora and her brother Elton. The grandchildren

Question 11(0.5 points)
Carl dies without a will, survived by his granddaughter Dora and her brother Elton. The grandchildren are Carl's
Question 11 options:
a)
lineal heirs.
b)
collateral heirs.
c)
decedents.
d)
trustees.
Question 12(0.5 points)
One way to transfer property outside the probate process, and thereby avoid the costs, is to own property in joint tenancy.
Question 12 options:
True
False
Question 13(0.5 points)
Carrier Inc. agrees to pick up two truckloads of housewares for Discount Corporation and store the contents to be delivered later. After Carrier unloads the goods at its warehouse, some of them disappear from the loading dock. A court will presume that
Question 13 options:
a)
the warehouse is in a high-crime area.
b)
Carrier was negligent.
c)
Discount was negligent.
d)
the goods were stolen through no fault of Carrier.
Question 14(0.5 points)
A check "payable to the order of Bethany" is indorsed in blank if Bethany simply delivers it without signing it.
Question 14 options:
True
False
Question 15(0.5 points)
Ghani owns Hillside Vineyard. Ghani conveys some of the land "to Iona for her life." Ghani has given Iona
Question 15 options:
a)
a fee simple absolute.
b)
a life estate.
c)
a license.
d)
a profit.
Question 16(0.5 points)
When a debtor defaults, a secured party who does not choose to retain the collateral must relinquish the security interest to the debtor.
Question 16 options:
True
False
Question 17(0.5 points)
To the extent that it has not been modified by the UCC, the common law of contracts applies to sales contracts.
Question 17 options:
True
False
Question 18(0.5 points)
Nature's Eggs, Inc. agrees to supply Omelet Express with five hundred eggs. Nature's Eggs can reasonably ask Omelet Express to pick up the eggs at
Question 18 options:
a)
any reasonable hour.
b)
any hour.
c)
no timeas a seller, Nature's Eggs must deliver the goods.
d)
no specific timeonly a buyer can set the time.
Question 19(0.5 points)
A lease of property for a prohibited use is unenforceable.
Question 19 options:
True
False
Question 20(0.5 points)
Electronic banking has reduced the number of possibilities for tampering with a person's private banking information.
Question 20 options:
True
False
Question 21(0.5 points)
Under a statute of limitations, an injured party must bring a claim for product liability within a certain prescribed time from the sale of the product.
Question 21 options:
True
False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!