Question $18(0\mathrm{.}5$ points$)$

Saved

Because a warehouse company is a professional bailee, it is expected to exercise a high degree of care to preserve and protect bailed goods.

Question $18$ options:

True

False

Question $19(0\mathrm{.}5$ points$)$

Saved

Jade owns a loft that she leases to Key and Liu. If Jade sells the loft, Key and Liu

Question $19$ options:

a$)$

must immediately vacate the premises.

b$)$

remain Jade's tenants until the end of the lease term.

c$)$

become the landlord.

d$)$

become the tenants of the new owner.

Question $20(0\mathrm{.}5$ points$)$

Saved

Digital goods, including virtual goods, are personal property with real value.

Question $20$ options:

True

False

Question $21(0\mathrm{.}5$ points$)$

Saved

Serena decides to create a trust for the benefit of her children. She deeds her property to the trust but retains the power to amend, alter, or revoke the trust. She also serves as the trustee and receives income earned by the property. This is

Question $21$ options:

a$)$

a constructive trust.

b$)$

a revocable living trust.

c$)$

an irrevocable living trust.

d$)$

not a trust.

Question $22(0\mathrm{.}5$ points$)$

Saved

Nancy owns Office Tower, which is situated on an acre of land that she also owns in Peoria, Illinois. Subject to certain qualifications, the exterior boundaries of Nancy's land extend to

Question $22$ options:

a$)$

the limits of the current building market.

b$)$

the size of a cubic acre.

c$)$

the center of the earth and up to the sky$.$

d$)$

infinity and beyond.

Question $23(0\mathrm{.}5$ points$)$

Saved

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 $23$ options:

a$)$

Carrier was negligent.

b$)$

Discount was negligent.

c$)$

the goods were stolen through no fault of Carrier.

d$)$

the warehouse is in a high$-$crime area.

Question $24(0\mathrm{.}5$ points$)$

Saved

An insurance broker is most likely

Question $24$ options:

a$)$

a beneficiary.

b$)$

an independent contractor.

c$)$

an underwriter.

d$)$

an employee of an insurance company.

Question $25(0\mathrm{.}5$ points$)$

Saved

After shopping at a Cut$-$Price store, Dyan finds a fitness watch in her bag of purchases that she knows she did not pay for. If Dyan fails to return the watch to the store or to pay for it$,$ she will have committed

Question $25$ options:

a$)$

confusion.

b$)$

conversion.

c$)$

accession.

d$)$

production.