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

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