Question 1

In an agency by ratification,the principal approves of,or agrees to be bound by,the agent's unauthorized act.

Accepted Answer

A) True 
 B)False

Question 2

For purposes of the SEC's rules,an insider includes an employee at any level of the company.

Accepted Answer

A) True 
 B)False

Question 3

A holographic will must be in writing.

Accepted Answer

A) True 
 B)False

Question 4

The mortgagee is the home buyer and the mortgagor is the bank.

Accepted Answer

A) True 
 B)False

Question 5

The following type of property is considered community property:

Accepted Answer

A) Money placed in pension funds. 
B) The value of a business owned by one of the spouses. 
C) None of the above. 
D) Both of the above. 
A) Money placed in pension funds. 
B) The value of a business owned by one of the spouses. 
C) None of the above. 
D) Both of the above.

Question 6

"I hereby give to my secretary my Krups coffee maker" is a specific gift.

Accepted Answer

A) True 
 B)False

In an agency by ratification,the principal approves of,or agrees to be bound by,the agent's unauthorized act.

For purposes of the SEC's rules,an insider includes an employee at any level of the company.

A holographic will must be in writing.

The mortgagee is the home buyer and the mortgagor is the bank.

The following type of property is considered community property:

"I hereby give to my secretary my Krups coffee maker" is a specific gift.

Midterm Two

Filters

Exam 1: Midterm One

In an agency by ratification,the principal approves of,or agrees to be bound by,the agent's unauthorized act.

For purposes of the SEC's rules,an insider includes an employee at any level of the company.

A holographic will must be in writing.

The mortgagee is the home buyer and the mortgagor is the bank.

The following type of property is considered community property:

"I hereby give to my secretary my Krups coffee maker" is a specific gift.

Midterm Two

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