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1. Which of the following is land and everything permanently attached to it?

Personal property

Real property

Absolute property

Listed property

Fee property

2. Which of the following was the result in Sandra Morris vs. Walmart Stores, Inc., the case in the test book in which the Plaintiff sued the Defendant after slipping in water allegedly from a freezer?

That the Plaintiff could rely on the theory of Res Ipsa Loquitur

That the Defendant was entitled to a judgment in its favor because the Plaintiff could not establish that the Defendant in general allowed dangerous conditions to exist in its stores

That the Plaintiff could recover on the basis of Negligence Per Se

That the Plaintiff could not recover because she had no evidence that the Defendant has knowledge of the dangerous condition prior to her fall.

That the Plaintiff could not recover because she had no evidence disputing the Defendant's claim that a customer spilled the liquid in which she fell.

3. The elements of negligence are ______________________________.

Duty, Breach, Causation and Damages

Actual Cause, Relevancy and Damages

Duty, Breach, Relevancy, Damages

Duty, Causation, Relevancy and Injury

Actual and Proximate Cause

4. Which of the following consists of an offer by one party and an acceptance of the terms by another party?

Coherence

Agreement

Concurrence

Alliance

Legal object

5. Which of the following is a definition for consideration?

Being both cordial and refraining from unethical behavior in the negotiation of contracts

Refraining from unethical behavior in the negotiation of contracts

A bargained-for exchange

A contract negotiated in person as opposed to by telephone or email

Being cordial in the negotiation of contracts

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92714902

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