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Paralegal Advanced Competency Exam - Legal Terminology fully solved already passed

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Paralegal Advanced Competency Exam - Legal Terminology fully solved already passed

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Paralegal Advanced Competency Exam -
Legal Terminology fully solved already
passed

American Law Reports - correct answer ✔✔A publication that reports cases from all United
States jurisdictions by subject matter



Amicus Curiae - correct answer ✔✔A Friend of the Court; Refers more specifically to a person
asking for permission to intervene in a case where they are neither the plaintiff or defendant



Ancillary probate - correct answer ✔✔a probate proceeding conducted in a different state from
the one the deceased person resided in at the time of death. Usually ancillary probate
proceedings are necessary if the deceased person owned real estate in another state.



Annual Exclusion - correct answer ✔✔The amount of money that a person can "gift" each year
which is free from federal gift tax; requires the filing of a gift tax return.



Annuity - correct answer ✔✔Similar to an insurance policy. A contract between the owner f the
annuity provider and the purchaser (annuitant). The annuitant funds the account and interest
accrues. The annuitant is then able to receive a yearly payment of a fixed amount for specific
period of time or for a specific amount until all of the value has been paid to the owner.



Antitrust acts - correct answer ✔✔federal and state statutes to protect trade and commerce fro
unlawful restraints, price discrimination, price fixings, and monopolies



Appeal - correct answer ✔✔To as a more senior court or person to review a decision of a
subordinate court or person

,Appellate court - correct answer ✔✔a court having jurisdiction to hear appeals and review a
trial court's procedure



Appellee - correct answer ✔✔The party against whom an appeal is taken



Arbitration - correct answer ✔✔the hearing of a dispute by an impartial third person or persons
(chosen by the parties), whose award the parties agree to accept



Arbitrator - correct answer ✔✔A private, disinterested person chosen by the parties inn
arbitration to hear evidence concerning the dispute and to make an award based on the
evidence



Arraignment - correct answer ✔✔the hearing at which the accused is brought before the court
to plead to the criminal charge in the indictment.



Arrearages - correct answer ✔✔Overdue alimony or child support payments.



Arrears - correct answer ✔✔A debt that is not paid on the due date adds up and accumulates as
"arrears". Also used to describe child or spousal maintenance or support that is not paid by the
due date.



Arson - correct answer ✔✔The intentional setting of a fire to a building in which people live; the
intentional setting of a fire to any building; felony



Articles of Incorporation - correct answer ✔✔A document filed with state authorities to form a
corporation. The articles normally include the purpose of the corporation, its principal place of
business, the names of its initial directors who will control it, and the amounts and types of
stock it is authorized to issue

,Assault - correct answer ✔✔the touching of another person with an intent to harm, without
that person's consent.



Asset - correct answer ✔✔Anything that has value which is owned by an individual, company or
organization. Includes real property, tangible and intangible property, including businesses,
goodwill, promissory notes and accounts receivable



Assign - correct answer ✔✔to give or transfer responsibility to another.



Assignee - correct answer ✔✔The person who receives the right or property being assigned



Assignor - correct answer ✔✔The person giving the right or property being assigned



Attachment - correct answer ✔✔Taking a person's property to satisfy a court-ordered debt



Attorney-client privilege - correct answer ✔✔The client's right to refuse to disclose and to
prevent any other person from disclosing confidential communications between the client and
the attorney.



Attorney General Opinion - correct answer ✔✔decision written by the chief legal officer of a
state or of the federal government; this opinion is generally advisory in nature



Abatement - correct answer ✔✔The process of determining the distribution of bequests as
directed by the decedent in his/her will when there rare not assets sufficient to satisfy the
bequests



Abstract of title - correct answer ✔✔a chronological summary of all official records and
recorded documents affecting the title to a parcel of real property

, Acceptance - correct answer ✔✔one of three requisites to a valid contract under common law.
A contract is a legally binding agreement between two or omre parties that starts with an offer
from one person but does not become a contract until the other party signifies an unequivocal
willingness to accept the terms of that offerr.



Accord and satisfaction - correct answer ✔✔a term of contract law by which one party, having
complied with its obligation under a contract, accepts some type of compensation from the
other party in lieu of enforcing the contract and holding the other party to its obligation.



Acknowledgement - correct answer ✔✔A formal declaration before an authorized official by the
person who executed an instrument that it is his/her free act and deed; the certificate of the
official on such instrument attesting that is was so acknowledged.



Ad hoc - correct answer ✔✔for this purpose; for a specific purpose



Adjudication - correct answer ✔✔giving or pronouncing a judgment or decree; te



Adjusted basis - correct answer ✔✔The basis of property used when computing gains for
income tax purposes; the cost minus depreciation plus capital improvements



Ad Litem - correct answer ✔✔person appointed to act, during the pendency of a matter, as
guardian for a minor child. Person may also bring action on behalf of the child



Administration of Estate - correct answer ✔✔the management of a decedent's estate. An
administrator is appointed to collect all assets and debts of the decedent so that administrative
expenses and taxes are paid and the remaining assets are distributed to the heirs or
beneficiaries



Administrative agencies - correct answer ✔✔agencies created by the legislative branch of
government to administer laws pertaining to specific areas such as taxes, transportation and
labor

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