CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $9.99 Only
Insurance, Secured Transactions, Bankruptcy, Torts, and Crim
1. Tom purchases a can of beans at the grocery store, takes them home, and attempts to open them when they suddenly explode, causing an injury to his eye. Tom sues the manufacturer of the beans, Beantime. Which of the following statements is true?
A. Beantime will be strictly liable if the beans were unreasonably dangerous when they left Beantime's factory.
B. The grocery store where Tom bought the beans is negligent, but Tom can't sue Beantime because they weren't negligent.
C. Beantime won't be liable for Tom's injuries because Beantime doesn't own the grocery store where Tom bought the beans.
D. Beantime will be strictly liable if the beans exploded because they were stored improperly at the grocery store.
2. Tom commits a crime and is charged with a misdemeanor. Tom's wife Sally asks what can be the sentence if Tom is convicted. Which of the following statements is true?
A. If Tom is convicted, he can get from zero to five years' incarceration.
B. If Tom is convicted, he will get no more than a year in jail.
C. If Tom is convicted, he must get a minimum of one year in jail.
D. If Tom is convicted, he can't be given jail time, only a fine.
3. Zeke takes his gun to the mall and begins firing randomly in the direction of a crowd of shoppers, but without aiming at anyone in particular. One of his shots causes death, and he is charged with homicide. What criminal state of mind has Zeke exhibited in this instance?
A. Negligence B. Knowledge C. Purpose D. Recklessness
4. Sammy took out a home insurance policy on the home of his neighbor, Ed. Three months later, Ed's home mysteriously burned down. Sammy attempted to collect on the policy he purchased earlier. Which of the following statements regarding this set of facts is true?
A. Sammy may collect the insurance proceeds because as long as the premium was paid, it's unnecessary that he have an insurable interest at any time.
B. Sammy may collect the insurance proceeds, so long as he wasn't guilty of any wrongdoing regarding the destruction of the house.
C. Sammy can't collect the insurance proceeds because he lacked an insurable interest at the time the policy was purchased.
D. Sammy can't collect the insurance proceeds because he lacked an insurable interest at the time of the loss.
5. Terry has medical coverage under Medicare. From this fact alone, you can infer it's likely that Terry is
A. disabled. B. age 65 or over. C. in a long-term care facility. D. poor.
6. Billy borrowed money from First Bank, and he entered an agreement listing his scooter as collateral. First Bank took all necessary steps to properly perfect its security in the scooter on the day of the loan. The next day, Billy borrowed money from Second Bank, and he entered an agreement listing the same scooter as collateral. Second Bank also took all necessary steps to properly perfect its security in the scooter on the day of the loan. Billy defaults on both loans, defaulting on Second Bank and then on First Bank. Which of the following statements regarding this set of facts is true?
A. First Bank possesses the priority claim because it was the first bank to make the loan that listed the scooter as collateral.
B. Second Bank possesses the priority claim because Billy defaulted on Second Bank first.
C. First Bank possesses the priority claim because it was the first to perfect its security interest.
D. Neither bank possesses a right to repossess the scooter because Billy listed it as collateral with both banks.
7. Renaldo is driving to church one morning when he discovers that his usual route is blocked due to construction. He takes a different avenue but becomes lost. He stops to ask for directions and a prostitute approaches him and offers to have sex in exchange for money. Renaldo is offended and says he would never do such a thing. The prostitute persists in her efforts and presents the proposal in an enticing way. Finally, Renaldo agrees, provided she will give him directions on how to get to church. The prostitute reveals that she is a police officer in disguise and arrests Renaldo. Renaldo was
A. not entrapped because the person he asked for directions was dressed like a prostitute.
B. entrapped. C. not entrapped, as he agreed to give money for sex.
D. entrapped because he couldn't say no.
8. Tom's life insurance has no cash surrender value. It must be
A. limited payment life insurance. B. term life insurance. C. straight life. D. endowment.
9. Tom suffers from epilepsy. During an attack, his arm spasms, striking Zeke and causing serious injury. Tom is charged with battery. His defense will be
A. self-defense. B. that his action was involuntary.
C. none; Tom has no defense. D. that his state of mind was merely reckless, not intentional.
10. Zeke approaches Allen and says, "I know you're an invader from outer space planning to take over the world—you must be stopped!" Then Zeke punches Allen in the nose. Zeke is charged with misdemeanor assault. Which of the following statements is true?
A. Zeke isn't guilty by reason of insanity under the irresistible impulse test because he failed to resist the urge to punch Allen.
B. Zeke isn't guilty by reason of insanity because it's insane to believe that there's life in outer space.
C. Zeke isn't guilty by reason of insanity under the M'Naughten rule if Zeke was suffering from a mental disease.
D. Zeke is guilty, regardless of his state of mind, as insanity is a defense only to felonies.
11. Tom breaks into Sally's house with the intention of stealing her jewelry, which is a felony. Unfortunately for Tom, when he breaks into the house, he finds a policeman waiting in Sally's bedroom to arrest him. Tom is charged with burglary. Which of the following statements is true?
A. Tom has the defense of entrapment because the police were waiting for him.
B. Tom can't be guilty of burglary because he was arrested before he stole anything.
C. Tom has committed burglary.
D. Tom can be charged only with attempted burglary because he didn't steal anything.
12. Brewster has had it with his next-door neighbor, Steve. Steve constantly comes over to Brewster's house and takes Brewster's tools without permission. Brewster decides he has had enough of this rude behavior. Brewster hides in the bushes and waits for Steve's next visit. As Steve begins to enter Brewster's garage, Brewster jumps out of the bushes before Steve can see him and gives Steve a sound thrashing. Brewster may be held liable for
A. battery. B. defamation. C. emotional distress. D. assault.
13. Bob is concerned that Social Security retirement income won't be enough to meet his needs. He is looking for a financial product that would provide him with steady retirement income later in life. You would recommend
A. term life insurance. B. annuity. C. universal life insurance. D. straight life insurance.
14. Tom is injured in a car accident caused by Fred. Tom's medical insurance pays Tom's medical bills. Which of the following statements is true?
A. The medical insurer is subrogated to Tom's rights against Fred.
B. Tom is subrogated to the medical insurer's rights against Fred.
C. None of the parties have subrogation rights in this situation.
D. Fred is subrogated to Tom's rights against the medical insurer.
15. Carl is in a car accident caused by Frank. Carl was able to collect damages and medical expenses from his own insurance company even though fault had yet to be determined. Carl probably lives in a state that requires __________ insurance.
A. collision B. liability C. no-fault D. uninsured motorist
16. Zeke takes his gun to the mall looking for Fred. Zeke spots Fred, points the gun at Fred, and says, "I'm going to kill you." He does. Zeke is charged with homicide. His defense is that he had no motive to kill Fred. The prosecution admits that it can't prove that Zeke had any motive and that in fact Zeke loves Fred. Which of the following statements is true?
A. Zeke will be convicted of a lesser degree of homicide due to the prosecution's failure to demonstrate motive.
B. Zeke will be convicted of homicide C. Zeke's state of mind was that of recklessness.
D. Zeke's motive is a necessary element of any crime.
17. What type of life insurance would most likely be used to cover the outstanding balance of a home mortgage?
A. Universal life B. Straight life C. Endowment D. Decreasing term insurance
18. Tamara sees Zeke is about to shoot Rhonda. Tamara punches Zeke in the nose, and he drops the gun. Tamara is charged with assault. Which of the following statements is true?
A. Tamara is guilty of assault, but the circumstances could mitigate the sentence.
B. Tamara will be found not guilty because of the defense of mistake.
C. Tamara will be found not guilty because she has a defense.
D. Tamara doesn't have a defense because Rhonda, not Tamara, was being threatened.
19. Candy purchases a life insurance policy. Six months later, Candy falls into a severe depression and kills herself. Which of the following statements is true?
A. Life insurance will pay nothing, as there was death by suicide less than two years after purchasing the policy.
B. The life insurance will pay double under the double indemnity provision.
C. Life insurance will pay proceeds if there's evidence that Candy suffered from a diagnosed psychological condition that accounts for why she committed suicide.
D. Life insurance will pay unless the suicide was an assisted suicide and the person assisting was the beneficiary of the policy.
20. Tom purchases a life insurance policy and then joins the military. Tom is deployed in a combat zone and killed by enemy soldiers. Tom's wife applies for the insurance proceeds. Which of the following is most likely?
A. The insurance company will pay double because the death was during war.
B. The insurance company won't pay, as death due to war activities is usually exempted from the risk insured against.
C. The insurance company will pay only after the military certifies that Tom would have been honorably discharged had he completed his term of service.
D. The insurance company won't pay, as military benefits supersede any civilian life insurance.
A variable's visibility indicating where in the program the variable can be used is called _____.
lifetime
scope
local variable
global variable
