Paralegal 041 - Contract Law » 2019 » Chapter 13 Review Materials

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Question #1
Account held for the benefit of others, into which parties typically deposit documents, instructions, and funds for a transfer of property
A.   Escrow
B.   Ad,inistrator
C.   Executor
D.   Passive voice
Question #2
Overly formal, often archaic language sometimes used in legal documents
A.   Comprehensive Agreement
B.   Boilerplate
C.   Legalese
D.   Passive voice
Question #3
Transfer of interest in property or some right (contractual entitlement) to another
A.   Restitution
B.   Assignment
C.   Perfect Performance
D.   Rescisssion
Question #4
Standard terms included in most contracts
A.   Redline
B.   Boilerplate
C.   Security Interest
D.   Restitution
Question #5
Subject is acted upon
A.   Disaffirm
B.   Insurable Interest
C.   Delegation
D.   Passive voice
Question #6
Activity conducted to find security interests in personal property that have been recorded under UCC Article 9
A.   Lease
B.   UCC search
C.   Active voice
D.   Partial Agreement
Question #7
The subject of the sentence acts
A.   Active Voice
B.   Restitution
C.   Rescisssion
D.   Surety
Question #8
Evidence that property is security for debt, typically filed with the Secretary of State
A.   Guarantor
B.   UCC Financing Statement
C.   Borrower
Question #9
Feature in word processing software that enables changes in a document to be tracked
A.   Delegation
B.   Rescisssion
C.   Comprehensive Agreement
D.   Redline
Question #10
Contract provision that in the event that one part of the contract is found to be invalid, the rest of the contract shall remain in effect
A.   Severability Clause
B.   Redline
C.   Specific Performance
D.   Insurable Interest
Question #11
Pass contractual obligations to another
A.   Delegation
B.   Restitution
C.   Redline
D.   Security Interest

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