BLAW 3310 ACTUAL EXAM SCRIPT 2026
VERIFIED QUESTIONS AND SOLUTIONS
PREMIUM STUDY GUIDE
◉ How does a creditor typically 'perfect' a security interest in
personal property under UCC Article 9?. Answer: By filing a
financing statement with the Secretary of State
◉ Which type of bankruptcy generally requires a 'higher than
average' income because it involves a court-approved repayment
plan?. Answer: Chapter 13
◉ Under the principle of 'at-will employment,' an employer can
legally fire an employee for which of the following reasons?. Answer:
Any reason, or no reason at all, unless limited by contract or law
◉ Which of the following is an objective of the workers'
compensation insurance scheme?. Answer: To provide a certain and
swift remedy for injured workers
◉ A distributor only facilitates sales but never owns the product.
Can they be liable for product defects?. Answer: No → distributor ≠
seller (based on Erie v. Amazon)
, ◉ A seller says, "This car gets 40 MPG," and it doesn't. What type of
warranty?. Answer: Express warranty (statement of fact)
◉ A seller includes a small, hidden disclaimer of warranty in fine
print. Is it enforceable?. Answer: Likely NO → disclaimers must be
clear and conspicuous
◉ A sole proprietor's business is sued. Who is liable?. Answer:
Owner personally (unlimited liability)
◉ Someone contributes labor to a business but claims no ownership.
What determines if they are a partner?. Answer: Court looks at
intent, profit sharing, and control (Norris v. Besel)
◉ A limited partner is sued for partnership debts. Are they liable?.
Answer: No, unless they act like a general partner
◉ An LLC member commits fraud using the business. Can courts
hold them personally liable?. Answer: Yes → piercing the veil
◉ What document creates an LLC?. Answer: Articles of Organization
VERIFIED QUESTIONS AND SOLUTIONS
PREMIUM STUDY GUIDE
◉ How does a creditor typically 'perfect' a security interest in
personal property under UCC Article 9?. Answer: By filing a
financing statement with the Secretary of State
◉ Which type of bankruptcy generally requires a 'higher than
average' income because it involves a court-approved repayment
plan?. Answer: Chapter 13
◉ Under the principle of 'at-will employment,' an employer can
legally fire an employee for which of the following reasons?. Answer:
Any reason, or no reason at all, unless limited by contract or law
◉ Which of the following is an objective of the workers'
compensation insurance scheme?. Answer: To provide a certain and
swift remedy for injured workers
◉ A distributor only facilitates sales but never owns the product.
Can they be liable for product defects?. Answer: No → distributor ≠
seller (based on Erie v. Amazon)
, ◉ A seller says, "This car gets 40 MPG," and it doesn't. What type of
warranty?. Answer: Express warranty (statement of fact)
◉ A seller includes a small, hidden disclaimer of warranty in fine
print. Is it enforceable?. Answer: Likely NO → disclaimers must be
clear and conspicuous
◉ A sole proprietor's business is sued. Who is liable?. Answer:
Owner personally (unlimited liability)
◉ Someone contributes labor to a business but claims no ownership.
What determines if they are a partner?. Answer: Court looks at
intent, profit sharing, and control (Norris v. Besel)
◉ A limited partner is sued for partnership debts. Are they liable?.
Answer: No, unless they act like a general partner
◉ An LLC member commits fraud using the business. Can courts
hold them personally liable?. Answer: Yes → piercing the veil
◉ What document creates an LLC?. Answer: Articles of Organization
