AIC301Exam
QuestionsWith100%CorrectAnswers
1. Whichoneofthefollowingstatementscorrectlyexpressesadistinction
betweenwaiverandestoppel?
A. Onlywaiverpreventsaninsurerfromrevivingadefenseithasforfeited
earlier.
B. Theparolevidenceruleappliestoestoppel,butnottowaiver.
C. Estoppeliscontractualin nature,butwaiverisequitableinnature.
D. Estoppelrequiresresultinginjuryordetrimentbythepartyassertingit
AnswerD. Estoppelrequires resulting injuryordetriment bythepartyassertingit.
2. AllisonsuedGeorgeforbreachofcontractandtheterm"contractualcon-
sideration"wasatissue.In court,thetermwouldbegivenits
Selectone:
A. Legalmeaning.
B. Technicalmeaning.
C. Dictionarydefinition.
D. Commonusagemeaning
1/9
, AnswerA.Legalmeaning.
3. Pauland Jerrywerebothsixyearsoldwhentheyenteredaneighbor'shome
andusedbaseballbatsto smashandbreakhouseholditems.When
establishingliabilityforPaul'sandJerry'sactions,thecourtwillmostlikely
primarilyconsider
Selectone:
A. Theirvicariousliabilityaschildren.
B. Itasamasstortaction.
C. Ittobeliabilitybyconspiracy.
D. Thetortfeasors'capacity
AnswerD.Thetortfeasors'capacity.
4. Andrewpromised Katyhewould roofherhouseon October 30.On October 15,
Andrew told Katy he could not find the correct shingles and stated he was
probablygoing to betoobusyto dothejob. Andrewhas
Selectone:
A. Notrepudiatedthecontract.
B. Rescindedthecontract.
C. Breachedthecontract.
D. Voidedthecontract
2/9
QuestionsWith100%CorrectAnswers
1. Whichoneofthefollowingstatementscorrectlyexpressesadistinction
betweenwaiverandestoppel?
A. Onlywaiverpreventsaninsurerfromrevivingadefenseithasforfeited
earlier.
B. Theparolevidenceruleappliestoestoppel,butnottowaiver.
C. Estoppeliscontractualin nature,butwaiverisequitableinnature.
D. Estoppelrequiresresultinginjuryordetrimentbythepartyassertingit
AnswerD. Estoppelrequires resulting injuryordetriment bythepartyassertingit.
2. AllisonsuedGeorgeforbreachofcontractandtheterm"contractualcon-
sideration"wasatissue.In court,thetermwouldbegivenits
Selectone:
A. Legalmeaning.
B. Technicalmeaning.
C. Dictionarydefinition.
D. Commonusagemeaning
1/9
, AnswerA.Legalmeaning.
3. Pauland Jerrywerebothsixyearsoldwhentheyenteredaneighbor'shome
andusedbaseballbatsto smashandbreakhouseholditems.When
establishingliabilityforPaul'sandJerry'sactions,thecourtwillmostlikely
primarilyconsider
Selectone:
A. Theirvicariousliabilityaschildren.
B. Itasamasstortaction.
C. Ittobeliabilitybyconspiracy.
D. Thetortfeasors'capacity
AnswerD.Thetortfeasors'capacity.
4. Andrewpromised Katyhewould roofherhouseon October 30.On October 15,
Andrew told Katy he could not find the correct shingles and stated he was
probablygoing to betoobusyto dothejob. Andrewhas
Selectone:
A. Notrepudiatedthecontract.
B. Rescindedthecontract.
C. Breachedthecontract.
D. Voidedthecontract
2/9
