Reference no: EM132221234

1. A man marries a woman. Both have been divorced previously, and each has young children. They decide to pool their money to purchase a large home and want to be certain that, if one of them dies, the deceased person's share will go into the deceased's estate and be distributed as directed in the will. The best type tenancy to accomplish this purpose would be

A) tenants by the entireties.

B) joint tenants.

C) sole and separate owners.

D) tenants in common.

2. What is NOT a characteristic of self-storage facilities?

A) There are separate bins for individuals to rent.

B) There is a fixed monthly rate.

C) They charge a fee for every entry to add or remove goods.

D) Individuals retain complete control of their storage space during their tenancy.

3. In which of the following situations can parol evidence be admitted to vary or contradict the terms of an integrated document?

A) Where a typographical error occurs in the document and obviously does not represent the agreement of the parties.* INCORRECT

B) Where one of the parties to the contract lacks conceptual capacity

C) Evidence could be admitted in both of the above situations

D) Evidence could not be admitted in either of the above situations

4. Different types of private enforcement expenditures have different beneficiaries. Which of the below are true? Choose the best answer.

A. “Detection” expenditures derive from saving public law enforcement expenses otherwise necessary to solve such crimes.

B. “Displacement” expenditures primary benefit the offenders.

C. “Secondary” enforcement expenditures are shared widely.

D. A, B, and C

E. A and C