AIC 301 Exam/Test Study 2024/2025
Exam Questions and Detailed Answers |
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Market Share Liability - 🧠ANSWER ✔✔Applies when a product that has
harmed a consumer cannot be traced to a single manufacturer. They are
liable unless they can prove they could not have made the product
involved.
A Defense to Fraud - 🧠ANSWER ✔✔The defendant must make the
representation with the intent to influence the other party's action. If the
defendant did not intend to deceive, there is no proof of fraud.
Community Property - 🧠ANSWER ✔✔Under the community property
concept two types of property can belong to a spouse - separate property
as well as community property. Separate property is the respective
spouse's sole property and it is free from the other spouse's interest or
control.
Parole Evidence Rule (PER) - 🧠ANSWER ✔✔The parole evidence rule
provides that oral evidence of agreements preceding or accompanying a
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. 1
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, written insurance policy cannot be used to prove a waiver. Thus, the
agent's oral statements made at this time would not be admitted into
evidence and thus would be ineffective as a waiver.
A provision that prevents the terms of a contract from being modified by
evidence of oral or other agreements after the contract has been written.
Defenses to Tort Fraud - 🧠ANSWER ✔✔The statement was not false
The statement did not relate to a material fact
The defendant did not know the statement was false
The defendant did not intend to deceive
The plaintiff did not rely on the statements
The plaintiff suffered no harm or or loss because of relying on the
statement
A Constructive Eviction - 🧠ANSWER ✔✔Actions or inactions of a landlord
that create conditions that prevent a tenant from enjoying a substantial or
integral part of the premise constitute a constructive eviction.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. 2
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Exam Questions and Detailed Answers |
Get it 100% Correct Answers
Market Share Liability - 🧠ANSWER ✔✔Applies when a product that has
harmed a consumer cannot be traced to a single manufacturer. They are
liable unless they can prove they could not have made the product
involved.
A Defense to Fraud - 🧠ANSWER ✔✔The defendant must make the
representation with the intent to influence the other party's action. If the
defendant did not intend to deceive, there is no proof of fraud.
Community Property - 🧠ANSWER ✔✔Under the community property
concept two types of property can belong to a spouse - separate property
as well as community property. Separate property is the respective
spouse's sole property and it is free from the other spouse's interest or
control.
Parole Evidence Rule (PER) - 🧠ANSWER ✔✔The parole evidence rule
provides that oral evidence of agreements preceding or accompanying a
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. 1
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, written insurance policy cannot be used to prove a waiver. Thus, the
agent's oral statements made at this time would not be admitted into
evidence and thus would be ineffective as a waiver.
A provision that prevents the terms of a contract from being modified by
evidence of oral or other agreements after the contract has been written.
Defenses to Tort Fraud - 🧠ANSWER ✔✔The statement was not false
The statement did not relate to a material fact
The defendant did not know the statement was false
The defendant did not intend to deceive
The plaintiff did not rely on the statements
The plaintiff suffered no harm or or loss because of relying on the
statement
A Constructive Eviction - 🧠ANSWER ✔✔Actions or inactions of a landlord
that create conditions that prevent a tenant from enjoying a substantial or
integral part of the premise constitute a constructive eviction.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. 2
PRIVACY STATEMENT. ALL RIGHTS RESERVED
