NCCP EXAMINATION STUDY GUIDE WITH ALL CORRECT
& 100% VERIFIED ANSWERS|LATEST VERSION|
ALREADY GRADED A+
Contracts ✔Correct Answer-Define- An agreement or bargain struck between parties in which each
party assumes a legal duty to the other party.
Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality.
Wills ✔Correct Answer-Requirements- testamentary intent; legal capacity; free of fraud, duress,
undue influence, or mistake; and execution (two witnesses + notary = self proving).
Trust ✔Correct Answer-Requirements- intention, subject matter, object.
Power of Attorney ✔Correct Answer-Define- The authority to act for another person in legal or
financial matters or a legal document giving such authority to someone.
Requirements- soundness of mind, witness, recording.
Complaint ✔Correct Answer-Define- a pleading by a plaintiff alleging the wrongdoing by the
defendant.
Requirements- caption, parties, statement of facts, request for relief, request for jury trial.
Affidavit ✔Correct Answer-Define- A written statement of facts confirmed by the oath or
affirmation of the party making it.
Requirements- Must be made before a person having authority to administer oaths.
Answer ✔Correct Answer-Define- a defendant's response to a plaintiff's claim.
Requirements- admit/deny allegations; raise defenses.
Interrogatories ✔Correct Answer-Define- A series of formal written questions addressed to a party
for discovery purposes to be answered under oath.
Requirements- 50 individual interrogatories in total, answer w/in 30 days, sign verification.
Discovery Requests ✔Correct Answer-Types- interrogatories, production of documents and things
and entry upon land, request for admissions, depositions and request for physical and mental
examination.
Requirements- depositions, subpoenas, validity of documents/opinions.
Motions ✔Correct Answer-Define- oral or written request made to a court to obtain a ruling or
order.
Types- Motion to Compel, Motion for Summary Judgment, Motion for Directed Verdict, Motion for
Judgment Notwithstanding the Verdict, Motion for a New Trial, Motions in Limine.
Requirements- Notice, Affidavit, Memorandum (if applicable), Service.
Separation Agreement ✔Correct Answer-Define- A contract between two married parties who are
living separate and apart and plan to divorce that deals with property, spousal support, and child
custody
Requirements- living apart for @least 1 year and 1 day. Addresses property, spousal support, and
child custody (nonbonding).
, Custody Agreement ✔Correct Answer-Addresses legal and physical custody of a minor child using
the best interests of the child legal standard. Legal Custody allows the parent(s) to authorize
decisions regarding the child such as school, medical, and the overall welfare of the child; it can be
sole or joint. Physical Custody is where the child spends their time; it can be shared/joint (less than
123 overnights for visiting parent) or primary/secondary (each parent has 123 overnights).
Articles of Incorporation ✔Correct Answer-Define- The document filed with the appropriate state
official, usually the Secretary of State, when a business is incorporated.
Requirements- Corporate Name, Business Purpose, Registered Agent, Incorporator, # of authorized
shares of stock, share per value, preferred shares, directors, officers, legal address of the co.
By-Laws ✔Correct Answer-Define- A set of governing rules adopted by a corporation or other
association.
Requirements- Name & Purpose of the Organization, Membership, Officers, Decision Making,
Meetings, Board of Directors.
Deeds ✔Correct Answer-Requirements- Written, Legal Capacity, Identifies Grantor/Grantee.
Includes clear legal description of the property, words of conveyance, signed by grantor and
delivered to grantee.
Partnership Agreements- Sole Proprietorship, ✔Correct Answer-Define- The owner is the business
and has all the liability.
Requirements- If conducting business under a name, other than your own, file a Certificate of
Assumed Name @ the Register of Deeds office.
Partnership Agreements- General Partnership ✔Correct Answer-Define- Two+ partners who are
jointly and severally liable who own a business and share the management, profits, and losses of the
partnership.
Requirements- Certificate of Assumed Name and Partnership Agreement; if there is no Partnership
Agreement, ownership is equal.
Partnership Agreements- Limited Partnerships ✔Correct Answer-Define- Consists of one+ general
partners and one+ limited partners. General partners are jointly and severally liable and manage the
day to day operations of the partnership. Limited partners are not involved in the management or
operations of the partnership, therefore, their liability is limited to the amount in the capital account.
Requirements- Certificate of Limited Partnership and Partnership Agreements.
Partnership Agreements- Non-profit Corporations ✔Correct Answer-Define- trade associations,
property owners associations, and charitable endeavors that has by-laws, directors, and officers.
There are no shareholders and they may or may not have members.
Requirements- File Articles of Incorporation w/ NC Secretary of State.
Partnership Agreements- For-profit Corporations ✔Correct Answer-Define- an entity separate and
apart from its owners or "shareholders", can be any size, can conduct basically and type of business.
Liability is limited to shareholders contributions.
Requirements- File Articles of Incorporation w/ NC Secretary of State.
Partnership Agreements- Limited Liability Companies (LLC) ✔Correct Answer-Define- A hybrid
entity which is cross between a corporation and a partnership. It provides the limited liability of a
corporation with a pass-through entity for tax purposes, therefore, liability is limited to members
capital contributions.
& 100% VERIFIED ANSWERS|LATEST VERSION|
ALREADY GRADED A+
Contracts ✔Correct Answer-Define- An agreement or bargain struck between parties in which each
party assumes a legal duty to the other party.
Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality.
Wills ✔Correct Answer-Requirements- testamentary intent; legal capacity; free of fraud, duress,
undue influence, or mistake; and execution (two witnesses + notary = self proving).
Trust ✔Correct Answer-Requirements- intention, subject matter, object.
Power of Attorney ✔Correct Answer-Define- The authority to act for another person in legal or
financial matters or a legal document giving such authority to someone.
Requirements- soundness of mind, witness, recording.
Complaint ✔Correct Answer-Define- a pleading by a plaintiff alleging the wrongdoing by the
defendant.
Requirements- caption, parties, statement of facts, request for relief, request for jury trial.
Affidavit ✔Correct Answer-Define- A written statement of facts confirmed by the oath or
affirmation of the party making it.
Requirements- Must be made before a person having authority to administer oaths.
Answer ✔Correct Answer-Define- a defendant's response to a plaintiff's claim.
Requirements- admit/deny allegations; raise defenses.
Interrogatories ✔Correct Answer-Define- A series of formal written questions addressed to a party
for discovery purposes to be answered under oath.
Requirements- 50 individual interrogatories in total, answer w/in 30 days, sign verification.
Discovery Requests ✔Correct Answer-Types- interrogatories, production of documents and things
and entry upon land, request for admissions, depositions and request for physical and mental
examination.
Requirements- depositions, subpoenas, validity of documents/opinions.
Motions ✔Correct Answer-Define- oral or written request made to a court to obtain a ruling or
order.
Types- Motion to Compel, Motion for Summary Judgment, Motion for Directed Verdict, Motion for
Judgment Notwithstanding the Verdict, Motion for a New Trial, Motions in Limine.
Requirements- Notice, Affidavit, Memorandum (if applicable), Service.
Separation Agreement ✔Correct Answer-Define- A contract between two married parties who are
living separate and apart and plan to divorce that deals with property, spousal support, and child
custody
Requirements- living apart for @least 1 year and 1 day. Addresses property, spousal support, and
child custody (nonbonding).
, Custody Agreement ✔Correct Answer-Addresses legal and physical custody of a minor child using
the best interests of the child legal standard. Legal Custody allows the parent(s) to authorize
decisions regarding the child such as school, medical, and the overall welfare of the child; it can be
sole or joint. Physical Custody is where the child spends their time; it can be shared/joint (less than
123 overnights for visiting parent) or primary/secondary (each parent has 123 overnights).
Articles of Incorporation ✔Correct Answer-Define- The document filed with the appropriate state
official, usually the Secretary of State, when a business is incorporated.
Requirements- Corporate Name, Business Purpose, Registered Agent, Incorporator, # of authorized
shares of stock, share per value, preferred shares, directors, officers, legal address of the co.
By-Laws ✔Correct Answer-Define- A set of governing rules adopted by a corporation or other
association.
Requirements- Name & Purpose of the Organization, Membership, Officers, Decision Making,
Meetings, Board of Directors.
Deeds ✔Correct Answer-Requirements- Written, Legal Capacity, Identifies Grantor/Grantee.
Includes clear legal description of the property, words of conveyance, signed by grantor and
delivered to grantee.
Partnership Agreements- Sole Proprietorship, ✔Correct Answer-Define- The owner is the business
and has all the liability.
Requirements- If conducting business under a name, other than your own, file a Certificate of
Assumed Name @ the Register of Deeds office.
Partnership Agreements- General Partnership ✔Correct Answer-Define- Two+ partners who are
jointly and severally liable who own a business and share the management, profits, and losses of the
partnership.
Requirements- Certificate of Assumed Name and Partnership Agreement; if there is no Partnership
Agreement, ownership is equal.
Partnership Agreements- Limited Partnerships ✔Correct Answer-Define- Consists of one+ general
partners and one+ limited partners. General partners are jointly and severally liable and manage the
day to day operations of the partnership. Limited partners are not involved in the management or
operations of the partnership, therefore, their liability is limited to the amount in the capital account.
Requirements- Certificate of Limited Partnership and Partnership Agreements.
Partnership Agreements- Non-profit Corporations ✔Correct Answer-Define- trade associations,
property owners associations, and charitable endeavors that has by-laws, directors, and officers.
There are no shareholders and they may or may not have members.
Requirements- File Articles of Incorporation w/ NC Secretary of State.
Partnership Agreements- For-profit Corporations ✔Correct Answer-Define- an entity separate and
apart from its owners or "shareholders", can be any size, can conduct basically and type of business.
Liability is limited to shareholders contributions.
Requirements- File Articles of Incorporation w/ NC Secretary of State.
Partnership Agreements- Limited Liability Companies (LLC) ✔Correct Answer-Define- A hybrid
entity which is cross between a corporation and a partnership. It provides the limited liability of a
corporation with a pass-through entity for tax purposes, therefore, liability is limited to members
capital contributions.
