AIC 301 LATEST ALL EXAMS SCRIPT TIP QUESTIONS
AND ANSWERS SURE A+
✔✔Victoria dared her friend, Amy, to jump over a moving car on her bicycle. Amy
agreed, and Victoria drove the car. It did not turn out well. The car was damaged, and
Amy was injured. Amy's lawyer predicted that she would be found 50 percent at fault.
Which one of the following comparative negligence rules would be most helpful to Amy's
case if she decided to sue Victoria?
Select one:
A. The 50 percent comparative negligence rule
B. The slight versus gross rule
C. The 49 percent comparative negligence rule
D. The contributory negligence rule - ✔✔A. The 50 percent comparative negligence
rule. The 50 percent comparative negligence rule would be the most helpful to Amy's
case if she decided to sue Victoria, because it would allow her to recover at least
reduced damages up to the point at which the plaintiff's negligence constitutes not more
than 50 percent of the total.
✔✔A special characteristic of an insurance policy is that it is a nontransferable contract.
This principle means that insureds may not transfer or assign their insurance policies
Select one:
A. Under any circumstances.
B. Except when directed to do so by the insurer.
, C. Unless the insurer agrees to the assignment.
D. Except at expiration of the policy. - ✔✔C. Unless the insurer agrees to the
assignment.
✔✔As an insurance legal professional, Mehmet understands the importance of
representations and warranties in insurance policies. He knows that
Select one:
A. Representations are written in the policy or incorporated by reference, while
warranties can be oral or written.
B. The law presumes representations to be material while warranties must be proved to
be material.
C. Representations require strict compliance, while warranties require substantial truth.
D. Representations are indirect inducements to the contract, while warranties are part of
the final insurance contract. - ✔✔D. Representations are indirect inducements to the
contract, while warranties are part of the final insurance contract.
✔✔Louis owns an island with a small cottage on it. He has full ownership of the property
and an unconditional right to sell it or otherwise dispose of it. Louis has
Select one:
A. An indenture.
B. A fee simple estate.
C. A tenancy by the entirety.
D. A life estate. - ✔✔B. A fee simple estate.
✔✔Which one of the following elements must exist in order to prove fraud?
Select one:
A. A representation that was related to a past, existing, or future fact.
B. A representation, whether true or untrue, that was made maliciously.
C. The intent of the representation was to influence or deceive.
D. The plaintiff may or may not have acted anyway, but the representation influenced
the decision. - ✔✔C. The intent of the representation was to influence or deceive.
✔✔Carla is an attorney in the legal department for an insurer. She is drafting a
document that details types of coverage sought, object or premises to be insured, the
amount of insurance, the insured's name, and the duration of coverage. Carla is drafting
a(n)
Select one:
A. Lawful objective.
B. Genuine assent.
C. Agreement to insure.
D. Offer to insure. - ✔✔C. Agreement to insure.
✔✔While driving, Karl's foot slips off the brake and his car rolls into the back of Sunny's
vehicle. No one is hurt, but the accident caused a large dent in the back bumper of
Sunny's vehicle. For which one of the following types of damages is Sunny eligible?
AND ANSWERS SURE A+
✔✔Victoria dared her friend, Amy, to jump over a moving car on her bicycle. Amy
agreed, and Victoria drove the car. It did not turn out well. The car was damaged, and
Amy was injured. Amy's lawyer predicted that she would be found 50 percent at fault.
Which one of the following comparative negligence rules would be most helpful to Amy's
case if she decided to sue Victoria?
Select one:
A. The 50 percent comparative negligence rule
B. The slight versus gross rule
C. The 49 percent comparative negligence rule
D. The contributory negligence rule - ✔✔A. The 50 percent comparative negligence
rule. The 50 percent comparative negligence rule would be the most helpful to Amy's
case if she decided to sue Victoria, because it would allow her to recover at least
reduced damages up to the point at which the plaintiff's negligence constitutes not more
than 50 percent of the total.
✔✔A special characteristic of an insurance policy is that it is a nontransferable contract.
This principle means that insureds may not transfer or assign their insurance policies
Select one:
A. Under any circumstances.
B. Except when directed to do so by the insurer.
, C. Unless the insurer agrees to the assignment.
D. Except at expiration of the policy. - ✔✔C. Unless the insurer agrees to the
assignment.
✔✔As an insurance legal professional, Mehmet understands the importance of
representations and warranties in insurance policies. He knows that
Select one:
A. Representations are written in the policy or incorporated by reference, while
warranties can be oral or written.
B. The law presumes representations to be material while warranties must be proved to
be material.
C. Representations require strict compliance, while warranties require substantial truth.
D. Representations are indirect inducements to the contract, while warranties are part of
the final insurance contract. - ✔✔D. Representations are indirect inducements to the
contract, while warranties are part of the final insurance contract.
✔✔Louis owns an island with a small cottage on it. He has full ownership of the property
and an unconditional right to sell it or otherwise dispose of it. Louis has
Select one:
A. An indenture.
B. A fee simple estate.
C. A tenancy by the entirety.
D. A life estate. - ✔✔B. A fee simple estate.
✔✔Which one of the following elements must exist in order to prove fraud?
Select one:
A. A representation that was related to a past, existing, or future fact.
B. A representation, whether true or untrue, that was made maliciously.
C. The intent of the representation was to influence or deceive.
D. The plaintiff may or may not have acted anyway, but the representation influenced
the decision. - ✔✔C. The intent of the representation was to influence or deceive.
✔✔Carla is an attorney in the legal department for an insurer. She is drafting a
document that details types of coverage sought, object or premises to be insured, the
amount of insurance, the insured's name, and the duration of coverage. Carla is drafting
a(n)
Select one:
A. Lawful objective.
B. Genuine assent.
C. Agreement to insure.
D. Offer to insure. - ✔✔C. Agreement to insure.
✔✔While driving, Karl's foot slips off the brake and his car rolls into the back of Sunny's
vehicle. No one is hurt, but the accident caused a large dent in the back bumper of
Sunny's vehicle. For which one of the following types of damages is Sunny eligible?
