AIC 301 - final exam prep EXAM WITH
ACCURATE QUESTIONS AND ANSWERS
(VERIFIED ANSWERS) | LATEST
(2026/2027) UPDATED VERSION |
100% GUARANTEED PASS
{JUST RELEASED}
1. The act of leaving a dangerous article such as a gun or car with a person who
the lender knows, or should know, is likely to use it in an unreasonably risky
manner is known as
Select one:
A. Negligent entrustment.
B. Contributory negligence.
C. Negligent supervision.
D. The dangerous instrumentality doctrine. - ANSWER ✓ A. Negligent
entrustment.
2. There was a large unmarked sinkhole on Charlotte's property, a short distance
from a public road. One evening, a police officer chased a mugger off the road
and onto Charlotte's property. Both the officer and the mugger fell into the
hole and were injured. Which one of the following best answers whether
Charlotte is liable for the injuries to the police officer and/or to the mugger?
, Select one:
A. Charlotte is not liable to either the officer or the mugger, because
occupiers of land have no duty to correct defects abutting sidewalks or
streets.
B. Charlotte is liable to both the officer and the mugger, because she had a
duty to avoid endangering travelers with an unguarded ditch.
C. Charlotte is not liable to the officer or the mugger, because they were
both trespassers on her property.
D. Charlotte is liable to the officer for the unguarded ditch, because the
officer was a licensee, but she is not liable to the tres - ANSWER ✓ D.
Charlotte is liable to the officer for the unguarded ditch, because the
officer was a licensee, but she is not liable to the trespassing mugger.
3. Antonia was a life tenant who occupied a house at 33 Main Street. Emil had a
remainder interest in the property and planned to occupy it after Antonia's
death. Antonia obtained property insurance covering the house, through
Richley Insurance Co. The house was destroyed by fire during Antonia's life
estate. Richley must pay the insurance policy proceeds to
Select one:
A. Emil, under the doctrine of equitable conversion.
B. Antonia, since she occupied the house at the time of the fire.
C. Antonia, because life tenants can recover the entire value of the
property that they insure.
, D. Emil, because he will ultimately own the property. - ANSWER ✓ C.
Antonia, because life tenants can recover the entire value of the
property that they insure.
4. Cristobal is in the process of purchasing a home from Leah. They are in the
executory period. This means that
Select one:
A. Cristobal and Leah have signed the real estate sales contract, but have
not yet closed.
B. Cristobal has made an offer and Leah has accepted verbally.
C. Cristobal and Leah have signed the real estate sales contract and have
gone to closing.
D. Cristobal has made a verbal offer, which Leah is considering. -
ANSWER ✓ A. Cristobal and Leah have signed the real estate sales
contract, but have not yet closed.
5. Kirk contracts with Ernest for five shipments of fresh produce at a specific
price per shipment due at the time of delivery. Kirk fails to ship the third
shipment. The contract between Kirk and Ernest is
Select one:
A. Void.
B. Unilateral.
C. Divisible.
ACCURATE QUESTIONS AND ANSWERS
(VERIFIED ANSWERS) | LATEST
(2026/2027) UPDATED VERSION |
100% GUARANTEED PASS
{JUST RELEASED}
1. The act of leaving a dangerous article such as a gun or car with a person who
the lender knows, or should know, is likely to use it in an unreasonably risky
manner is known as
Select one:
A. Negligent entrustment.
B. Contributory negligence.
C. Negligent supervision.
D. The dangerous instrumentality doctrine. - ANSWER ✓ A. Negligent
entrustment.
2. There was a large unmarked sinkhole on Charlotte's property, a short distance
from a public road. One evening, a police officer chased a mugger off the road
and onto Charlotte's property. Both the officer and the mugger fell into the
hole and were injured. Which one of the following best answers whether
Charlotte is liable for the injuries to the police officer and/or to the mugger?
, Select one:
A. Charlotte is not liable to either the officer or the mugger, because
occupiers of land have no duty to correct defects abutting sidewalks or
streets.
B. Charlotte is liable to both the officer and the mugger, because she had a
duty to avoid endangering travelers with an unguarded ditch.
C. Charlotte is not liable to the officer or the mugger, because they were
both trespassers on her property.
D. Charlotte is liable to the officer for the unguarded ditch, because the
officer was a licensee, but she is not liable to the tres - ANSWER ✓ D.
Charlotte is liable to the officer for the unguarded ditch, because the
officer was a licensee, but she is not liable to the trespassing mugger.
3. Antonia was a life tenant who occupied a house at 33 Main Street. Emil had a
remainder interest in the property and planned to occupy it after Antonia's
death. Antonia obtained property insurance covering the house, through
Richley Insurance Co. The house was destroyed by fire during Antonia's life
estate. Richley must pay the insurance policy proceeds to
Select one:
A. Emil, under the doctrine of equitable conversion.
B. Antonia, since she occupied the house at the time of the fire.
C. Antonia, because life tenants can recover the entire value of the
property that they insure.
, D. Emil, because he will ultimately own the property. - ANSWER ✓ C.
Antonia, because life tenants can recover the entire value of the
property that they insure.
4. Cristobal is in the process of purchasing a home from Leah. They are in the
executory period. This means that
Select one:
A. Cristobal and Leah have signed the real estate sales contract, but have
not yet closed.
B. Cristobal has made an offer and Leah has accepted verbally.
C. Cristobal and Leah have signed the real estate sales contract and have
gone to closing.
D. Cristobal has made a verbal offer, which Leah is considering. -
ANSWER ✓ A. Cristobal and Leah have signed the real estate sales
contract, but have not yet closed.
5. Kirk contracts with Ernest for five shipments of fresh produce at a specific
price per shipment due at the time of delivery. Kirk fails to ship the third
shipment. The contract between Kirk and Ernest is
Select one:
A. Void.
B. Unilateral.
C. Divisible.
