Paralegal 041 - Contract Law » 2019 » Chapter 8 Review Materials
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ Paralegal 041 - Contract Law ] course for $25 USD.
Existing Quiz Clients Login here
Question #1
Interest in personal property to secure performance of an obligation; evidence of indebtedness
A.
Insurable Interest
B.
Security Interests
C.
Executor
D.
Administrator
Question #2
Fail to meet obligations
A.
Default
B.
Void
C.
Avoid
D.
Waived
Question #3
One who participates jointly in borrowing
A.
Debtor
B.
Co-Signer
C.
Executor
D.
Borrower
Question #4
Liable for the payment of another's debt or the performance of another's obligation; see Guarantor
A.
Debtor
B.
Agent
C.
Surety
D.
Insurer
Question #5
One who carries on the business of an estate; see Administrator
A.
Agent
B.
Estate
C.
Estate
D.
Executor
Question #6
Claims have been abandoned
A.
Disaffirm
B.
Avoid
C.
Default
D.
Waived
Question #7
Party attempting to avoid contract liability
A.
Collateral
B.
Borrower
C.
Security Interest
D.
Party to be charged
Question #8
Agreement in anticipation of marriage; typically involves a promise to convey property when marriage occurs or concerns division of property in the event of a divorce; see Pre-nuptial
A.
Administrator
B.
Insurable Interest
C.
Ante-nuptial
D.
Executor
Question #9
Agreement in anticipation of marriage; typically involves a promise to convey property when marriage occurs or concerns division of property in the event of a divorce; see Ante-nuptial
A.
Administrator
B.
Executor
C.
Insurable Interest
D.
Pre-nuptial
Question #10
A promise or order to pay, such as a check; can be passed along like cash
A.
Loan
B.
Statement of Account
C.
Negotiable Instruments
D.
Promissory Note
Question #11
Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default
A.
Collateral
B.
Negotiable Instrument
C.
Click Wrap Agreement
D.
Security Interest
Question #12
Agreement used in connection with software licenses; often found on the Internet as part of the installation process of software packages; usually requires user to manifest assent by clicking an "ok" button on a dialog box or pop-up window
A.
Affirmative Defense
B.
Negotiable Instrument
C.
Click Wrap Agreement
D.
Integrated Agreement
Question #13
Part of an answer to a complaint in which defendant attempts to limit or excuse liability, based on facts outside those claimed by plaintiff
A.
Security Interest
B.
Self Defense
C.
Negative Defenses
D.
Affirmative Defense
Question #14
The entity for managing finances of a deceased person, or an incompetent
A.
Executor
B.
Administrator
C.
Estate
D.
Pre-Nuptial
Question #15
Agreement that is intended to be final and complete
A.
Exhaustive Agreement
B.
Integrated Agreement
C.
Partial Agreement
D.
Comprehensive Agreement
Question #16
Limited right to use real property
A.
Easement
B.
Temporary Use
C.
Lease
D.
Security Interest
Question #17
One who carries on the business of an estate; see Executor
A.
Guarantor
B.
Borrower
C.
Surety
D.
Administrator
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ Paralegal 041 - Contract Law ] course for $25 USD.
Existing Quiz Clients Login here