AIC 301 EXPANDING YOUR CLAIMS
PERSPECTIVE EXAM SCRIPT NEW SET
ACTUAL QUESTIONS AND ANSWERS
VERIFIED FULL SOLUTION PACKAGE
⩥ What is an election?
Answer: The voluntary act of choosing between two alternatives.
⩥ What is bankruptcy?
Answer: The body of federal law that allows debtors who are unable to
pay their creditors to divide their assets among their creditors to
discharge the debts.
⩥ What is a security interest?
Answer: An interest in property (real or personal) that allows the
property to be sold on default to satisfy the debt for which the security
interest was given.
⩥ What is negligence?
Answer: The failure to exercise the degree of care that a reasonable
person in a similar situation would exercise to avoid harming others.
⩥ What is a tort?
, Answer: A wrongful act or an omission, other than a crime or a breach of
contract, that invades a legally protected right.
⩥ Who is a tortfeasor?
Answer: A person or an organization that has committed a tort.
⩥ Who is a plaintiff?
Answer: The person or entity who files a lawsuit and is named as a
party.
⩥ Who is a defendant?
Answer: The party in a lawsuit against whom a complaint is filed.
⩥ What is a legal duty?
Answer: An element of negligence that exists when parties are in such a
relationship that the law imposes on one party the responsibility for the
exercise of care toward the other party.
⩥ What is a statute?
Answer: A written law passed by a legislative body at either the federal
or state level.
⩥ What is common law (case law)?
PERSPECTIVE EXAM SCRIPT NEW SET
ACTUAL QUESTIONS AND ANSWERS
VERIFIED FULL SOLUTION PACKAGE
⩥ What is an election?
Answer: The voluntary act of choosing between two alternatives.
⩥ What is bankruptcy?
Answer: The body of federal law that allows debtors who are unable to
pay their creditors to divide their assets among their creditors to
discharge the debts.
⩥ What is a security interest?
Answer: An interest in property (real or personal) that allows the
property to be sold on default to satisfy the debt for which the security
interest was given.
⩥ What is negligence?
Answer: The failure to exercise the degree of care that a reasonable
person in a similar situation would exercise to avoid harming others.
⩥ What is a tort?
, Answer: A wrongful act or an omission, other than a crime or a breach of
contract, that invades a legally protected right.
⩥ Who is a tortfeasor?
Answer: A person or an organization that has committed a tort.
⩥ Who is a plaintiff?
Answer: The person or entity who files a lawsuit and is named as a
party.
⩥ Who is a defendant?
Answer: The party in a lawsuit against whom a complaint is filed.
⩥ What is a legal duty?
Answer: An element of negligence that exists when parties are in such a
relationship that the law imposes on one party the responsibility for the
exercise of care toward the other party.
⩥ What is a statute?
Answer: A written law passed by a legislative body at either the federal
or state level.
⩥ What is common law (case law)?
