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NALA PARALEGAL FINAL
CERTIFICATION EXAM BRAND NEW
OFFICIAL QUESTIONS WITH
ANSWERS.
1. What is not an element of fraud? - correct answer -The
representer's reliance on the fact
2. What is correct with regards to trusts? - correct answer -A trust
is an arrangement in which one party, the trustee, holds title to
property for the benefit of another party, the beneficiary
3. In a trust, what does the settlor do? - correct answer -They
create the trust and appoints a trustee to manage the trust
property for the benefit of the beneficiaries of the trust.
4. This is an INCORRECT statement regarding Freedom of
Contract: - correct answer -Individuals have rights to be paid
under the terms of a contract
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5. What is Freedom of Contract? - correct answer -It involves the
freedom of individuals and enterprises to make their own
economic arrangements with each other, society adopts laws
that permit freedom of contract, and contract law is concerned
with enforcing the promises made.
6. Cash that an arrested person gives to a court to ensure that he
or she will appear in court at a set time: - correct answer -Bail
7. What is the main difference between an inter vivos trust and a
testamentary trust? - correct answer -The inter vivos trust takes
effect while the settlor is alive and the testamentary trust takes
effect after the settlor's death
8. An example of secondary legal authority is: - correct answer -
Legislative history
9. The subject matter in a real estate offer must include: - correct
answer -Identity of land and the price
NALA PARALEGAL FINAL
CERTIFICATION EXAM BRAND NEW
OFFICIAL QUESTIONS WITH
ANSWERS.
1. What is not an element of fraud? - correct answer -The
representer's reliance on the fact
2. What is correct with regards to trusts? - correct answer -A trust
is an arrangement in which one party, the trustee, holds title to
property for the benefit of another party, the beneficiary
3. In a trust, what does the settlor do? - correct answer -They
create the trust and appoints a trustee to manage the trust
property for the benefit of the beneficiaries of the trust.
4. This is an INCORRECT statement regarding Freedom of
Contract: - correct answer -Individuals have rights to be paid
under the terms of a contract
, Page | 2
5. What is Freedom of Contract? - correct answer -It involves the
freedom of individuals and enterprises to make their own
economic arrangements with each other, society adopts laws
that permit freedom of contract, and contract law is concerned
with enforcing the promises made.
6. Cash that an arrested person gives to a court to ensure that he
or she will appear in court at a set time: - correct answer -Bail
7. What is the main difference between an inter vivos trust and a
testamentary trust? - correct answer -The inter vivos trust takes
effect while the settlor is alive and the testamentary trust takes
effect after the settlor's death
8. An example of secondary legal authority is: - correct answer -
Legislative history
9. The subject matter in a real estate offer must include: - correct
answer -Identity of land and the price
