Day 27 Exam 3 Review - Fall 11 (for students)

Day 27 Exam 3 Review - Fall 11 (for students) - Exam Info...

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Exam Info 47 multiple choice (2 points each) Definition Fact pattern / application Q’s (a few IRAC) 6 matching (1 point each) 5 extra credit questions (1 point each) Exam covers: Chapters 12 (the portion covered after Exam 2), 13, 14, 16 (small portion), 18, 20-22, small part of 23
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Contracts entered into because of fraud are void because of the Statute of Frauds. True False 31% 69% 1. True 2. False
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The general goal / measure of contract remedies: To give the parties the “benefit of their bargain” To put the non-breaching party into the position s/he would have been in had the contract been performed as promised. Money damages are measured by the difference between the contract as promised (what they expected to get) versus the contract as performed (what they received)
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Which of the following meets the goal of contract remedies? Specific perfo... Restitution Both 19% 71% 10% 1. Specific performance 2. Restitution 3. Both
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A person injured by a defective product may have a cause of action for: Breach of wa r r... N egligence Str i ct produc t.. . All o f th e abo... 1 and 3 only 2% 12% 35% 47% 4% 1. Breach of warranty 2. Negligence 3. Strict product liability 4. All of the above 5. 1 and 3 only
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The focus in a strict liability case is on the reasonableness of the defendant’s behavior. The focus in a negligence case is on the product. True False 50% 50% 1. True 2. False
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Privity (horizontal and vertical) is not required in a product liability case brought under strict liability. True False 43% 57% 1. True 2. False
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Betty’s will grants her home to her neighbor Mary, so long as Mary doesn’t cut the old oak tree down. After Betty dies, Mary cuts the tree down. Betty’s daughter Amy decides not to take the property back because it needs too much work. Betty probably granted Mary: A fee simple absol A fee simple determin A fee simple on a cond A future intere 16% 6% 59% 18% 1. A fee simple absolute 2. A fee simple determinable 3. A fee simple on a condition subsequent 4. A future interest
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“From A to B for B’s life, then to C” (Answer these in your head first …) What does Charlie have while Bob is still alive?
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