Question 1

A constructive trust is created by operation of law to avoid fraud,injustice,or unjust enrichment.

Accepted Answer

A) True 
 B)False

Question 2

Domicile refers to a person's:

Accepted Answer

A)  permanent home. 
B)  native town. 
C)  state, where he probates his will. 
D)  a person's necessity to make a particular state, home. 
A)  permanent home. 
B)  native town. 
C)  state, where he probates his will. 
D)  a person's necessity to make a particular state, home.

Question 3

In the states that recognize holographic wills,such wills will be valid if:

Accepted Answer

A)  they do not evidence testamentary intent. 
B)  they are in the handwriting of the testator. 
C)  the material portions in the will are typed. 
D)  they are typed and evidence testamentary intent. 
A)  they do not evidence testamentary intent. 
B)  they are in the handwriting of the testator. 
C)  the material portions in the will are typed. 
D)  they are typed and evidence testamentary intent.

Question 4

Under the doctrine of cy pres,when the settler has not specifically provided for a substitute beneficiary,the:

Accepted Answer

A)  trust will automatically fail. 
B)  court will direct the application of the property to some charitable purpose that falls within the settlor's general charitable intention. 
C)  court will direct that the property be handed over to the government for administrative purposes. 
D)  original beneficiaries can use the property for a charitable purpose. 
A)  trust will automatically fail. 
B)  court will direct the application of the property to some charitable purpose that falls within the settlor's general charitable intention. 
C)  court will direct that the property be handed over to the government for administrative purposes. 
D)  original beneficiaries can use the property for a charitable purpose.

Question 5

Under the Patient Self-Determination Act,health care providers must:

Accepted Answer

A)  provide oral information to adults receiving medical care about their rights to medical treatment. 
B)  document in the patient's medical record whether the patient has executed an advance directive. 
C)  ensure compliance with federal laws concerning codicils. 
D)  contact the patient's attorney for consenting or withholding consent to surgery. 
A)  provide oral information to adults receiving medical care about their rights to medical treatment. 
B)  document in the patient's medical record whether the patient has executed an advance directive. 
C)  ensure compliance with federal laws concerning codicils. 
D)  contact the patient's attorney for consenting or withholding consent to surgery.

Question 6

The same formalities are required for the creation of a valid codicil as for the creation of a valid will.

Accepted Answer

A) True 
 B)False

Question 7

A codicil is a(n):

Accepted Answer

A)  amendment to a will. 
B)  automatic revocation of a will. 
C)  written document that lists future health care decisions for incapacitated individuals. 
D)  creditor's claim against the estate. 
A)  amendment to a will. 
B)  automatic revocation of a will. 
C)  written document that lists future health care decisions for incapacitated individuals. 
D)  creditor's claim against the estate.

Question 8

A nuncupative will is a will that is written and signed in the testator's handwriting.

Accepted Answer

A) True 
 B)False

Question 9

The execution of a will:

Accepted Answer

A)  must strictly meet all the formalities required by state law, or it is void. 
B)  does not have to be in writing to be used to pass on property in normal circumstances. 
C)  must be published to be legal if the will is made orally. 
D)  requires that the will be witnessed by two or three interested witnesses. 
A)  must strictly meet all the formalities required by state law, or it is void. 
B)  does not have to be in writing to be used to pass on property in normal circumstances. 
C)  must be published to be legal if the will is made orally. 
D)  requires that the will be witnessed by two or three interested witnesses.

Question 10

Testamentary capacity refers to the:

Accepted Answer

A)  legal capacity to make a valid will. 
B)  limit on how much property can be inherited by a given individual. 
C)  ability to give gifts to the testator's issues or descendants. 
D)  lack of awareness of the value of the property by the testator. 
A)  legal capacity to make a valid will. 
B)  limit on how much property can be inherited by a given individual. 
C)  ability to give gifts to the testator's issues or descendants. 
D)  lack of awareness of the value of the property by the testator.

Exam 36: Estates and Trusts

A constructive trust is created by operation of law to avoid fraud,injustice,or unjust enrichment.

Domicile refers to a person's:

In the states that recognize holographic wills,such wills will be valid if:

Under the doctrine of cy pres,when the settler has not specifically provided for a substitute beneficiary,the:

Under the Patient Self-Determination Act,health care providers must:

The same formalities are required for the creation of a valid codicil as for the creation of a valid will.

A codicil is a(n):

A nuncupative will is a will that is written and signed in the testator's handwriting.

The execution of a will:

Testamentary capacity refers to the:

Law, Legal Reasoning, and the Legal Profession

Dispute Settlement

Business Ethics and Corporate Social Responsibility

Business and the Constitution

Crimes

Intentional Torts

Negligence and Strict Liability

Licensing and Intellectual Propertypart Two Contracts

The Nature and Origins of Contracts

Creating a Contract: Offers

Creating a Contract: Acceptances

Consideration

Capacity to Contract

Voluntary Consent

Illegality

The Form and Meaning of Contracts

Third Parties Contract Rights

Performance and Remediespart Three Sales

Formation and Terms of Sales Contracts

Warranties and Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contractspart Four Agency and Employment

The Agency Relationship-Creation, duties, and Termination

Liability of Principals and Agents to Third Parties

Employment Laws-Part Five Business Organizations

Which Form of Business Organization

Partnerships

Formation and Termination of Corporations

Management of the Corporate Business

Financing the Corporation and the Role of the Shareholders

Securities Regulation

Legal Liability of Accountantspart Six Property

Personal Property and Bailments

Real Property

Landlord and Tenant

Insurance-Part Seven Commercial Paper

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Fund Transfers-Part Eight Credit Transactions

Introduction to Security

Security Interests in Personal Property

Bankruptcy-Part Nine Government Regulation

The Antitrust Laws

Consumer Protection Laws

Environmental Regulation

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