1. What type of life insurance would most likely be used to cover the outstanding balance of a home mortgage? O A. Decreasing term insurance O B. Endowment O C. Straight life O D. Universal life 2. Alan is a self-operating postponement of collection proceedings against the debtor, which goes into effect the moment the order for relief occurs. O A. automatic stay O B. means test O C. federal exemption O D. involuntary petition 3. Stan commits securities fraud and takes $5,000,000 from a variety of investors. Stan is convicted of a crime and then sued by the investors. Stan files for bankruptcy. What relief will the bankruptcy filing grant Stan? O A. Automatic stay on all cash advances paid to a creditor under an open-ended credit plan O B. Automatic stay and discharge of all debts incurred O C. Automatic stay and discharge of any debt created with the securities fraud O D. Automatic stay, but no discharge of any debt created by the securities fraud4. is the making of a false statement under oath. O A. Dereliction of duty O B. Intimidation O C. Tampering with evidence O D. Perjury 5. Bob is concerned that Social Security retirement income won't be enough to meet his needs. He is looking for a financial product that would provide him with steady retirement income later in life. You would recommend O A. universal life insurance. O B. annuity. O C. term life insurance. O D. straight life insurance. 6. Zeke takes his gun to the mall looking for Fred. Zeke spots Fred, points the gun at Fred, and says, "I'm going to kill you." He does. Zeke is charged with homicide. His defense is that he had no motive to kill Fred. The prosecution admits that it can't prove that Zeke had any motive and that in fact Zeke loves Fred. Which of the following statements is true? O A. Zeke's state of mind was that of recklessness. O B. Zeke's motive is a necessary element of any crime. O C. Zeke will be convicted of a lesser degree of homicide due to the prosecution's failure to demonstrate motive. O D. Zeke will be convicted of homicide.7. Nicole is shopping at Big Store when an employee prevents her from leaving and accuses her of shoplifting in front of other customers. Nicole is determined to be innocent, and the store is determined not to have had reasonable grounds to detain her. Nicole has a claim for O A. defamation only. O B. defamation and invasion of privacy. O C. defamation and false imprisonment. O D. false imprisonment only. 8. Terry was driving a car that collided with Bob's car. Bob suffered $100,000 in damage. Bob was 20 percent at fault and Terry was 80 percent at fault. Which of the following statements is true? O A. Bob will collect $60,000 in a jurisdiction that follows comparative negligence. O B. Bob will collect $80,000 in a jurisdiction that follows contributory negligence. O C. Bob will collect nothing in a jurisdiction the follows comparative negligence. O D. Bob will collect $80,000 in a jurisdiction that follows comparative negligence. 9. When the misuse of the legal procedure involves the filing of a false civil lawsuit, it's called O A. malicious prosecution. O B. invasion of privacy. O C. wrongful civil proceedings. O D. abuse of process.10. Universal life insurance allows the policy owner to modify the O A. face value of the policy and obtain refunds of premiums already paid. O B. face value of the policy and the premiums. O C. premiums but not the face value of the policy. O D. face value of the policy but not the premiums. 11. Charlie files Chapter 11 bankruptcy. creditors have the right to vote on the plan. O A. Impaired O B. No O C. Secured O D. All 12. Which of the following is true of criminal law under the American law system? O A. When a crime is committed, the victim has a cause of action against the accused and is permitted to recover money as compensation from the defendant. O B. In a criminal case, the prosecutor or district attorney is required to prove the criminal defendant guilty by a preponderance of the evidence. O C. If a defendant is accused of an offense that can be designated as two different crimes, he or she can be tried in two different courts. O D. Defendants are protected from being tried for a criminal offense and then being sued under tort law for that same wrongful act.13. Tom is a consumer with regular income who is able to pay more than 25 percent of his debt over the next three years but probably can't pay it all. If he qualifies, the best chapter in bankruptcy for Tom is Chapter O A. 12. O B. 11. O C. 13. O D. 7. 14. is analogous to forgery because it also involves the alteration or falsification of an object or a document with intent to defraud. O A. Embezzlement O B. Criminal simulation O C. Passing bad checks O D. Defrauding creditors 15. Joseph owes $15,000 to Carmel Enterprises, $8,500 to Vulcan Co., $11,000 to David, and $11,500 to Sigma Enterprises. He has not been making payments on these debts for the past 20 months. Which of these creditors can force Joseph into involuntary bankruptcy? O A. Carmel Enterprises and David only O B. Carmel Enterprises, Sigma Enterprises, David, and Vulcan Co. O C. Sigma Enterprises, David and Vulcan Co. only O D. Carmel Enterprises only16. State and federal exemptions are applicable to bankruptcy. Which of the following statements is true in all states? O A. The debtor must use federal exemptions. O B. The debtor will use either state or federal exemptions. O C. The debtor will use both federal and state exemptions. O D. The debtor must use state exemptions. 17. Tom commits a crime and is charged with a misdemeanor. Tom's wife, Sally, asks what can be the sentence if Tom is convicted. Which of the following statements is true? O A. If Tom is convicted, he can't be given jail time, only a fine. O B. If Tom is convicted, he can get from zero to five years' incarceration. O C. If Tom is convicted, he will get no more than a year in jail. O D. If Tom is convicted, he must get a minimum of one year in jail. 18. A shoplifter steals a can of soda and tries to escape. He threatens and fights the clerk when confronted. This is an example of O A. extortion. O B. embezzlement. O C. burglary. O D. robbery.19. is the communication of false and destructive information about an individual through the use of electronic devices. O A. Cyber disparagement O B. Cyber-mining O C. Cyber-invasion O D. Cyber-defamation