Question $41(0\mathrm{.}5$ points$)$

Because a general bequest or devise does not single out any particular item of property to be transferred by will, a testator does not have to know the nature and extent of his or her property to create a valid will.

Question $41$ options:

True

False

Question $42(0\mathrm{.}5$ points$)$

Both stored$-$value cards and smart cards contain microchips with security programming that can authenticate the validity of a financial transaction.

Question $42$ options:

True

False

Question $43(0\mathrm{.}5$ points$)$

The manufacturer of a product may incur liability when a defect causes injury to a user but not when the defect causes property damage to a bystander.

Question $43$ options:

True

False

Question $44(0\mathrm{.}5$ points$)$

If any financial institution, such as a brokerage house, handles a check for payment or collection, the check is covered by UCC Article $4.$

Question $44$ options:

True

False

Question $45(0\mathrm{.}5$ points$)$

Bonds Bank assigns to Capital Invest the bank's security interest in certain real property owned by Developer Inc. Capital Invest becomes the secured party of record. The bank's security interest in the collateral is

Question $45$ options:

a$)$

floated to other property owned by Developer Inc.

b$)$

extended.

c$)$

terminated.

d$)$

subordinated to the assignee's interest.

Question $46(0\mathrm{.}5$ points$)$

If a creditor repossesses goods from a buyer who bought the goods knowing they were subject to a prior claim, the buyer can recover from the seller for breach of warranty.

Question $46$ options:

True

False

Question $47(0\mathrm{.}5$ points$)$

Emily writes and signs a check payable to "Festival Cinema." Georg, Festival's manager, indorses the check "For deposit only." This is

Question $47$ options:

a$)$

a special indorsement.

b$)$

a qualified indorsement.

c$)$

a restrictive indorsement.

d$)$

a blank indorsement.

Question $48(0\mathrm{.}5$ points$)$

After agreeing to rent a car from Drive$-$a$-$Round Inc., Eden is given the keys to one of the agency's cars by Fess, a Drive$-$a$-$Round employee. With respect to the bailed property, this is

Question $48$ options:

a$)$

an involuntary delivery.

b$)$

a physical delivery.

c$)$

not a delivery.

d$)$

a constructive delivery.

Question $49(0\mathrm{.}5$ points$)$

Edna and Flavia buy a cottage in Gulfport, Mississippi. On the death of either owner, that owner's interest in the dwelling passes to her heirs. This is

Question $49$ options:

a$)$

a joint tenancy.

b$)$

community property.

c$)$

ownership in fee simple.

d$)$

a tenancy in common.

Question $50(0\mathrm{.}5$ points$)$

In a Chapter $13$ proceeding, the debtor retains possession of his or her assets.

Question $50$ options:

True

False