Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, the Davis’ hired an excavator to dig a hole for the pool. The excavator’s equipment hit a hard rocky area. The pool installer checked the rock and it was ruby gems. Who owns the valuable uncut gems? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, the Davis’ had a pool party. The partygoers got so loud that neighbors called the police. When the police came,they advised that if there were additional complaints charges would be filed for what violation? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, Brandon decided to operate a business from the home. When Brandon went to get the proper license, the city advised that the business COULD NOT be operated from the home due to what violation? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, the Davis’ met the Simms’ at the closing for the new home. What evidence of ownership was transferred to Brandon and Marcia? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, Brandon and
Marcia sign what legal document pledging the house to “Busy Banker” as security for the home loan? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, the home is what kind of property? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, before the city inspector would pass the pool house for occupancy, certain building standards had to be met. The inspector was enforcing what law? |
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Definition
| Health and Public Safety Regulations |
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, the Davis’ attorney requires the evidence of ownership in the real property to provide specific written guarantees. What type of deed is this? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, the Davis’ decided to install a fence on the property. What violation caused neighbors to STOP the fence installer from completing the job? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, Brandon and
Marcia have what rights of ownership in the property? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, the Simms’
transfer the ownership documents at closing to the Davis’. Who is the grantor? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, the Simms’
transfer the ownership documents at closing to the Davis’. Who is the grantee? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, if Brandon and Marcia DO NOT make the required monthly payments; what can “Busy Banker” legally do? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, the furniture in the home is what kind of property? |
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Definition
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Term
Brandon and Marcia Davis were recently
married and purchased a home from the Simms through a local agent, Ron Realtor. The Simms sold the home to move to another city. Brandon and Marcia worked with Ema Lindsey at “Busy Bank” to qualify for a loan. Brandon purchased an entertainment center for the living room from Frank’s Furniture Depot to surprise Marcia. Other furniture and appliances in the Davis home were used items donated by family and friends. Marcia and Brandon built a pool house and installed an in-ground pool in the back yard.
In the above scenario, what kind of
property is the pool and pool house? |
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Definition
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Term
Robert owns a red BMW convertible. At the body shop, Robert left his car with Michael, a shop employee, to be painted. The brakes were defective and needed to be repaired.
In the above scenario, Robert forgot to tell Michael that the car’s park brake was not working properly. When Michael tried to park the car, the brakes failed. The car rolled and hit a utility pole. What special duties does the bailor have? |
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Definition
| Warn bailee if any special care is required |
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Term
Robert owns a red BMW convertible. At the body shop, Robert left his car with Michael, a shop employee, to be painted. The brakes were defective and needed to be repaired.
In the above scenario, Michael decides to call a friend and take a joy ride while in possession of Robert’s car. Michael has an accident in the car. As a result of this behavior, what has Michael become? |
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Definition
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Term
Robert owns a red BMW convertible. At the body shop, Robert left his car with Michael, a shop employee, to be painted. The brakes were defective and needed to be repaired.
In the above scenario, which term
identifies Michael? |
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Definition
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Term
Robert owns a red BMW convertible. At the body shop, Robert left his car with Michael, a shop employee, to be painted. The brakes were defective and needed to be repaired.
In the above scenario, which term
identifies Robert? |
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Definition
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Term
Robert owns a red BMW convertible. At the body shop, Robert left his car with Michael, a shop employee, to be painted. The brakes were defective and needed to be repaired.
In the above scenario, what relationship is created between Michael and Robert? |
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Definition
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Term
| Rob’s Roofing replaced shingles on Meredith’s house. When the first hard rain and wind came, the house leaked. No one at Rob’s Roofing is returning Meredith’s calls. Another roofer looked at the poor workmanship and said the job needed to be redone. Meredith cannot afford another new roof. Who can Meredith contact to help her? |
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Definition
| Better Business Bureau (BBB) |
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Term
| Polly purchased a vacuum cleaner but was very displeased with the performance of the product. The first resource for Polly to get the complaint resolved is what? |
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Definition
| Store's customer service department |
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Term
| RX Pharmaceuticals manufactures prescription drugs. The company used an additional ingredient that reduced the drug’s quality. The FDA fined RX for doing what to a drug? |
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Definition
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Term
| Larry purchased items from the flea market. Larry is always careful due to CAVEAT EMPTOR. What does this term mean? |
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Definition
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Term
| Tony received goods COD. What does the term COD mean in a sales contract? |
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Definition
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Term
| ACE, Inc. sent goods FOB to Tony. What does the shipment term FOB mean? |
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Definition
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Term
| In a bailment contract, explain the special duties of the bailee? |
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Definition
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Term
| According to the Fair Packaging and Labeling Act a food or drug with false or misleading labeling or packaging can be fined for what? |
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Definition
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Term
| When a consumer complaint is not resolved, the last resort for a consumer to contact with the complaintis what? |
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Definition
| Attorney to file a lawsuit |
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Term
| Shane bought a new car. Shane parked his old car with a “FOR SALE” sign in the driveway. What guarantees will come with purchase of the old car? |
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Definition
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Term
Carmen opens a retail clothing store, Carmen’s Chic Clothing. Estelle is one of Carmen’s best customers who buys a new wardrobe with each season and has the merchandise shipped to her home.
In the above scenario, Cleo made
Carmen an offer to buy the business. Carmen decides to sell. Carmen notifies her creditors and makes plans to sell the entire business to Cleo. What kind of sale is this? |
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Definition
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Term
Carmen opens a retail clothing store, Carmen’s Chic Clothing. Estelle is one of Carmen’s best customers who buys a new wardrobe with each season and has the merchandise shipped to her home.
In the scenario, Estelle buys a summer wardrobe. When UPS picks up the goods to be shipped, what document does UPS give Carmen? |
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Definition
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Term
Carmen opens a retail clothing store, Carmen’s Chic Clothing. Estelle is one of Carmen’s best customers who buys a new wardrobe with each season and has the merchandise shipped to her home.
In the above scenario, Carmen has
seasonal merchandise stored in an off premise facility. When goods are delivered to the storage facility, what document does Carmen get? |
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Definition
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Term
Carmen opens a retail clothing store, Carmen’s Chic Clothing. Estelle is one of Carmen’s best customers who buys a new wardrobe with each season and has the merchandise shipped to her home.
In the above scenario, Estelle tries on a blue dress. Carmen says, “Wow, that dress makes you look ten years younger!” This is an example of what? |
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Definition
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Term
Carmen opens a retail clothing store, Carmen’s Chic Clothing. Estelle is one of Carmen’s best customers who buys a new wardrobe with each season and has the merchandise shipped to her home.
In the above scenario, Estelle returns shoes that did not look like the sample at Carmen’s. Carmen offered to replace the shoes. Which type of warranty would require this action? |
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Definition
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Term
Carmen opens a retail clothing store, Carmen’s Chic Clothing. Estelle is one of Carmen’s best customers who buys a new wardrobe with each season and has the merchandise shipped to her home.
In the above scenario, Carmen may
legally sell the goods because Carmen is what? |
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Definition
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Term
Carmen opens a retail clothing store, Carmen’s Chic Clothing. Estelle is one of Carmen’s best customers who buys a new wardrobe with each season and has the merchandise shipped to her home.
In the above scenario, what kind of goods are the items Estelle’s has selected for purchase? |
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Definition
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Term
Carmen opens a retail clothing store, Carmen’s Chic Clothing. Estelle is one of Carmen’s best customers who buys a new wardrobe with each season and has the merchandise shipped to her home.
In the above scenario, Estelle purchased $750 in clothing. The contract is required to be in writing in accordance with what law? |
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Definition
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Term
Carmen opens a retail clothing store, Carmen’s Chic Clothing. Estelle is one of Carmen’s best customers who buys a new wardrobe with each season and has the merchandise shipped to her home.
In the above scenario, when Estelle buys clothes, what right of ownership to the goods does Estelle receive? |
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Definition
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Term
Carmen opens a retail clothing store, Carmen’s Chic Clothing. Estelle is one of Carmen’s best customers who buys a new wardrobe with each season and has the merchandise shipped to her home.
In the above scenario, when Carmen
makes a sale, what collection of federal laws deal with the sale, transfer and purchase of goods? |
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Definition
| Uniform Commercial Code (UCC) |
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Term
Dewey Auto Sales is a car dealership. The dealership runs a weekly ad in the local newspaper. Jennifer and Brad were shopping for a car and relied on the advertisement for information.
In the above scenario, Brad and Jennifer go to the car lot with today’s advertisement wanting to test drive a car described in the ad. The salesman says that the last one of those cars was just sold. The salesman says he can show them other available vehicles. What term identifies this deceptive practice? |
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Definition
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Term
Dewey Auto Sales is a car dealership. The dealership runs a weekly ad in the local newspaper. Jennifer and Brad were shopping for a car and relied on the advertisement for information.
In the above scenario, Brad and Jennifer buy a new car. The car is taken to the dealership eight times for the same problem during the first six months. The repair department has repaired and replaced the defective part, but the problem does not stop. Under what law can the couple request a replacement car? |
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Definition
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Term
Dewey Auto Sales is a car dealership. The dealership runs a weekly ad in the local newspaper. Jennifer and Brad were shopping for a car and relied on the advertisement for information.
In the above scenario, Brad found a used car he liked. On the car window was a sign that said “AS IS”. What type of warranty did the car have? |
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Definition
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Term
Will saw an advertisement where he could quit commuting to his job and make $2,500 a month or more. When he called the toll free number, the job required a $5,000 up front investment for “equipment and customer lists”. Will was deceived by the ad and called a fraud hotline.
In the above scenario, to which federal agency should Will report the unfair or deceptive practice? |
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Definition
| Federal Trade Commission (FTC) |
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Term
Will saw an advertisement where he could quit commuting to his job and make $2,500 a month or more. When he called the toll free number, the job required a $5,000 up front investment for “equipment and customer lists”. Will was deceived by the ad and called a fraud hotline.
In the above scenario, what type of fraud did Will report? |
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Definition
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Term
A door to door salesman intimidated Brittany into buying encyclopedias costing $300. Brittany did not want the books and decided to cancel the order.
In the above scenario, according to law, what is the maximum amount of time Brittany may wait before canceling the order? |
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Definition
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Term
A door to door salesman intimidated Brittany into buying encyclopedias costing $300. Brittany did not want the books and decided to cancel the order.
In the above scenario, what law allows Brittany to cancel the order ? |
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Definition
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Term
| In a bailment contract, explain the special duties of the bailor? |
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Definition
| Picks up goods in a reasonable time |
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