Exam Questions and Correct Answers
(Verified Answers) Plus Rationales 2026
Q&A | Instant Download Pdf
1. A merchant delivered goods to a buyer under a contract that
required delivery by a certain date. The buyer refused to accept
the goods when delivered late. Which of the following best
describes the buyer’s rights under the Uniform Commercial Code
(UCC)?
A. The buyer must accept the goods regardless of timing.
B. The buyer may reject the goods because time was of the
essence.
C. The buyer may accept the goods but is entitled to damages.
D. The buyer has no remedies under the UCC.
,Rationale: Under UCC §2-601, if the contract specifies that time is of the
essence, the buyer may reject late-delivered goods. This preserves the
contractual intent regarding timely performance.
2. In tort law, which of the following is required to establish
negligence?
A. Strict liability and causation.
B. Duty, breach, causation, and damages.
C. Intent to harm.
D. No-fault liability.
Rationale: Negligence requires the plaintiff to show the defendant owed
a duty, breached it, and caused damages. Intent is irrelevant in standard
negligence claims.
3. A testator leaves a will leaving all property to her children, but one
child predeceases her. Under the doctrine of lapse, the property:
A. Passes to the state.
B. Passes to the surviving spouse.
C. Passes to the deceased child’s descendants by anti-lapse
statutes.
D. Is held in trust indefinitely.
,Rationale: Anti-lapse statutes prevent property from failing when a
predeceased beneficiary has surviving descendants, who inherit in place
of the deceased.
4. A defendant is charged with a crime requiring proof of intent. The
defendant acted recklessly but did not intend the harm. Which is
the likely outcome?
A. Guilty of the intended crime.
B. Not guilty of the intended crime, but possibly guilty of a lesser
offense.
C. Guilty under strict liability.
D. Automatically acquitted of all charges.
Rationale: Specific intent crimes require proof of intent. Recklessness
may support a conviction for a lesser-included crime requiring only
general intent.
5. Which constitutional amendment primarily protects the right
against unreasonable searches and seizures?
A. First Amendment
B. Fifth Amendment
, C. Fourth Amendment
D. Sixth Amendment
Rationale: The Fourth Amendment guards against unreasonable
searches and seizures, requiring warrants based on probable cause.
6. Under contract law, which of the following is generally required
for a valid contract?
A. Written form, notarization, and consideration.
B. Offer, acceptance, and intent to create a joint venture.
C. Offer, acceptance, and consideration.
D. Performance before agreement.
Rationale: A contract requires an offer, acceptance, and consideration,
though some contracts must also be in writing under the Statute of
Frauds.
7. A corporation issues stock without complying with state
registration requirements. This stock is:
A. Valid in all circumstances.
B. Voidable at the option of the corporation.