3/27/25, 7:01 AM AIC301 FINAL EXAM TEST AND PRACTICE EXAM QUESTIONS 2025 COMPLETE EXAM QUESTIONS WITH DETAILED VERIF…
AIC301 FINAL EXAM TEST AND PRACTICE EXAM
QUESTIONS 2025 COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
Terms in this set (50)
The act of leaving a A. Negligent entrustment.
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.
1/39
,3/27/25, 7:01 AM AIC301 FINAL EXAM TEST AND PRACTICE EXAM QUESTIONS 2025 COMPLETE EXAM QUESTIONS WITH DETAILED VERIF…
There was a large D. Charlotte is liable to the officer for the unguarded
unmarked sinkhole on ditch, because the officer was a licensee, but she is
Charlotte's property, a not liable to the trespassing mugger.
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
2/39
,3/27/25, 7:01 AM AIC301 FINAL EXAM TEST AND PRACTICE EXAM QUESTIONS 2025 COMPLETE EXAM QUESTIONS WITH DETAILED VERIF…
officer for the unguarded
ditch, because the officer
was a licensee, but she is
not liable to the tres
Antonia was a life tenant C. Antonia, because life tenants can recover the entire
who occupied a house at value of the property that they insure.
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.
3/39
, 3/27/25, 7:01 AM AIC301 FINAL EXAM TEST AND PRACTICE EXAM QUESTIONS 2025 COMPLETE EXAM QUESTIONS WITH DETAILED VERIF…
Cristobal is in the process A. Cristobal and Leah have signed the real estate
of purchasing a home sales contract, but have not yet closed.
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.
C. Divisible. A contract is divisible if each party's
Kirk contracts with Ernest
performance can be divided into two or more parts
for five shipments of fresh
and if it appears that the parties to the contract
produce at a specific
contemplated separate compensation for each
price per shipment due at
installment of the performance. Failure to perform
the time of delivery. Kirk
one installment is not failure to perform the entire
fails to ship the third
agreement. If the contract is divided into parts only to
shipment. The contract
provide periodic payments toward the full amount
between Kirk and Ernest is
due upon contract completion, the contract is an
Select one:
entire contract, not a divisible one. When possible,
A. Void.
courts prefer to interpret contracts as divisible to
B. Unilateral.
avoid hardships that can result from delaying
C. Divisible.
payments under the contract until full performance
D. Entire.
has been completed.
4/39
AIC301 FINAL EXAM TEST AND PRACTICE EXAM
QUESTIONS 2025 COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
Terms in this set (50)
The act of leaving a A. Negligent entrustment.
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.
1/39
,3/27/25, 7:01 AM AIC301 FINAL EXAM TEST AND PRACTICE EXAM QUESTIONS 2025 COMPLETE EXAM QUESTIONS WITH DETAILED VERIF…
There was a large D. Charlotte is liable to the officer for the unguarded
unmarked sinkhole on ditch, because the officer was a licensee, but she is
Charlotte's property, a not liable to the trespassing mugger.
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
2/39
,3/27/25, 7:01 AM AIC301 FINAL EXAM TEST AND PRACTICE EXAM QUESTIONS 2025 COMPLETE EXAM QUESTIONS WITH DETAILED VERIF…
officer for the unguarded
ditch, because the officer
was a licensee, but she is
not liable to the tres
Antonia was a life tenant C. Antonia, because life tenants can recover the entire
who occupied a house at value of the property that they insure.
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.
3/39
, 3/27/25, 7:01 AM AIC301 FINAL EXAM TEST AND PRACTICE EXAM QUESTIONS 2025 COMPLETE EXAM QUESTIONS WITH DETAILED VERIF…
Cristobal is in the process A. Cristobal and Leah have signed the real estate
of purchasing a home sales contract, but have not yet closed.
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.
C. Divisible. A contract is divisible if each party's
Kirk contracts with Ernest
performance can be divided into two or more parts
for five shipments of fresh
and if it appears that the parties to the contract
produce at a specific
contemplated separate compensation for each
price per shipment due at
installment of the performance. Failure to perform
the time of delivery. Kirk
one installment is not failure to perform the entire
fails to ship the third
agreement. If the contract is divided into parts only to
shipment. The contract
provide periodic payments toward the full amount
between Kirk and Ernest is
due upon contract completion, the contract is an
Select one:
entire contract, not a divisible one. When possible,
A. Void.
courts prefer to interpret contracts as divisible to
B. Unilateral.
avoid hardships that can result from delaying
C. Divisible.
payments under the contract until full performance
D. Entire.
has been completed.
4/39
