1. The secured party has only limited rights in the collateral.
2. The secured party took possession of the collateral.
3. The debtor has possession of the collateral and there is no written agreement between the parties .
4. The only value given by secured party was for past consideration.
5. None of the Above.
1. Bearer; order
2. Bearer; blank
3. Special; restrictive
4. Blank; special
5. Order; bearer
1. Missouri state court
2. Indiana federal court
3. Indiana state court
4. Missouri federal court
5. Kentucky state court
2. Summary jury trial
5. Specific performance
1. The 1st Amendment
2. The 4th Amendment
3. The 5th Amendment
4. The 6th Amendment
5. The 11th Amendment
5. None of the above.
1. Contract price minus fair market value of services.
2. Lost profit.
3. Total contract price.
4. Value of the benefit given to seller of services.
5. Cover price minus contract price.
1. Alex can cancel the Listing agreement at any time.
2. Because Alex wanted to cancel the listing agreement before Samantha found a buyer the agreement is terminated and Alex keeps the house.
3. Alex owes Samantha the commission because Bob was “ready, willing and able” to buy Alex’s house.
4. Bob is entitled to injunctive relief forcing Alex to sell his house.
5. Because Alex communicated termination of the agreement after Samantha found a buyer he is bound by the listing agreement to sell his house.
1. Tom would be the grantor seeking a warrantee deed from Jerry the grantee.
2. Tom would be the mortgagee seeking a warrantee deed from Jerry the mortgagor.
3. Tom would be the mortgagor seeking a quitclaim deed from Jerry the mortgagee.
4. Tom would be the grantee seeking a warrantee deed from Jerry the grantor.
5. Tom would be the grantee seeking a quitclaim deed from Jerry the grantor.
1. Yes, through equity of redemption.
2. No, because the power of sale clause gives the bank the power to foreclose.
3. Yes, through a deficiency judgment.
4. No, because they have already started the foreclosure process with notice.
5. Yes, under the Title Theory.
1. Boyd has granted a license, which allows Acme to come onto the property whenever they need to.
2. Boyd has granted an easement so that Acme can enter the property and remove the gold.
3. Boyd has granted a profit so that Acme can come onto the land and remove the gold.
4. Boyd has granted a life estate allowing Acme to enter his land while he is alive.
5. Boyd has granted an exclusive listing because Acme will be the only company allowed onto Boyd’s land.
1. A Power of Sale Clause
2. A Due on Sale Clause
3. An Acceleration Clause
4. A Wraparound Clause
5. Prepayment Provision
1. A Future Interest
2. A Life Estate
3. A Tenancy in Common
4. A License
5. A Fee Simple Defeasible
1. Take it to trial because there is no chance a judge would grant any pre-trial motion based on these facts.
2. File a Motion for Directed Verdict because no controversy as to any material fact.
3. File a Motion for Summary Judgment because there is no controversy as to any material fact.
4. File a Motion to Dismiss for failure to state a claim or lack of jurisdiction.
5. File a Motion for Mistrial because there is no controversy as to any material fact. 5. File a Motion for Mistrial because there is no controversy as to any material fact. 5. File a Motion for Mistrial because there is no controversy as to any material fact.
1. A fixture is considered real property.
2. A fixtures is classified as an intangible.
3. The rules of Article 9 of the UCC apply to fixtures
4. All of the above.
5. None of the above.
1. Tenancy for years.
2. Ejectment tenancy.
3. Term tenancy
4. Tenancy at will.
5. Tenancy at sufferance.
1. Fraud in the inducement
2. Breach of warranty
3. Breach of contract
5. None of the above
1. To have a sublease it is required that only a portion of the real estate be transferred to the second tenant, while in an assignment all of the real estate must be transferred to the second tenant.
2. To have an assignment it is required that only a portion of the real estate is transferred to the second tenant, while in a sublease all of the real estate must be transferred to the second tenant.
3. In a sublease the original tenant transfers only a portion of the remaining term on the lease to the second tenant, while in an assignment the original tenant transfers all of the remaining term on the lease to the second tenant.
4. In an assignment the original tenant transfers only a portion of the remaining term on the lease to the second tenant, while in a sublease the original tenant transfers all of the remaining term of the lease to the second tenant.
5. Both 1 and 3.
1. Unilateral contract
2. Bilateral contract
3. Implied in law contract
4. Implied in fact contract
5. Quasi contract
1. Reno, because the dealer agreed to purchase the gas
2. Reno B it is against public policy to allow a commercial used car dealer to back out of an agreement
3. Reno, because the testimony of Reno’s cousin proves the agreement existed
4. The car dealer, since the court won’t hear testimony about the contemporaneous oral agreement
5. The car dealer, since Reno did not pay any extra consideration for additional contract terms
1. Tenant only.
2. Sublessee or assignee only.
3. Tenant and a sublessee would be liable, but an assignee cannot be liable on the lease.
4. Tenant and any assignee or sublessee so long as there have been no releases granted.
5. No one, a landlord is unable to collect rent payments if someone doesn’t pay.
1. Remainder, sublease.
2. Restitution, sublease.
3. Restitution, assignment.
4. Reversionary, assignment.
5. Revocation, assignment.
1. Legal realism philosophy
2. Historicism philosophy
3. Naturalist philosophy
4. Traditional philosophy
1. In a “notice” jurisdiction Mel will win.
2. In a “race-notice” jurisdiction John will win.
3. In a “race” jurisdiction Amy will win.
4. In a “race-notice” jurisdiction Mel will win.
5. In a “race” jurisdiction John will win.