41

Before he underwent a dangerous operation that he did not expect to survive, Thom gave his brother his rare coin collection, saying: "Here, this is for you because I will never make it out of surgery alive." If Thom survives the operation, he can require that his brother return the coin collection because it was an ______________ gift.

1. Causa mortis
2. Intervivos
3. Testamentary
4. Intestate succession

QUESTION 42

In a bailment transaction, who holds title to the bailed goods?

1. The bailor
2. The bailee
3. A trustee
4. A conservator

QUESTION 43

What is the major distinction between a lease and a license?

1. A lease must be in writing, but a license can be oral.
2. A license must be in writing, but a lease can be oral.
3. A lease transfers an interest in land that can be assigned to a third party, but a license is personal to the licensee.
4. A license transfers an interest in land that can be assigned to a third party, but a lease is personal to the lessee.

QUESTION 44

Beth gave First Bank a mortgage on her house to secure a loan from First Bank for 300,000, which she used to buy the property. In this transaction, Beth is the

1. Mortgagor
2. Mortgagee
3. Assignor
4. Assignee

QUESTION 45

Which of the following statements about tenancy by the entirety is false?

1. Only a married couple can hold property in a tenancy by the entirety.
2. Either spouse can transfer his or her individual interest in the property to a 3rd party.
3. The tenancy is dissolved by divorce.
4. There are no false statements: a, b and c are true.

QUESTION 46

Harry has a one-year lease on an apartment in Crosswinds Complex for which he pays 1,000 a month. Since Harry will be in Chile for the summer, he agrees to let Adam live in his apartment during July and August. Adam will give Harry 600 a month, and Harry will continue to send the 1000 monthly rent payments to Crossroads. The arrangement between Harry and Adam is an_________________.

1. Consignment
2. Assignment
3. Sublease
4. Tenancy at sufferance

QUESTION 47

A holder of a trademark can use which of the following symbols indicating that an application is pending?

1. TM
2. False
3. SM
4. Either A or C

QUESTION 48

Unsolicited email is regulated under which of the following?

1. CAN-SPAM Act
2. No Electronic Theft Act
3. Economic Espionage Act
4. Digital Millennium Copyright Act

QUESTION 49

Hailey created an original design for her new business, and is seeking legal protection of her design. Hailey should file which of the following?

1. Trademark
2. Copyright
3. Patent
4. Service mark

QUESTION 50

A person found guilty under the Economic Espionage Act is punishable up to which of the following?

1. $10,000 or prison time
2. $500,000 & 10 years of prison
3. 10 years in prison or fine
4. $100,000 & 5 years in prison