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Page | 1 Examination 1 Summary Category # of Multiple Choice Questions Learning Objective: 01-01 Identify the respective makers of the different types of law (constitutions; statutes; common law; and administrative regulations and decisions). 1 Learning Objective: 01-02 Identify the type of law that takes precedence when two types of law conflict. (Be prepared for an essay case question based on Young v. Beck and a multiple choice case question on Trentadue v. Gordon.) 2 Learning Objective: 01-03 Explain the basic differences between the criminal law and civil law classifications. 1 Learning Objective: 01-05 Describe the respective roles of adhering to precedent (stare decisis) and distinguishing precedent in case law reasoning. 1 Law of Business Organizations – Test 1 – September 12, 2013

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Page 1: Examination 1 Preview

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Examination 1 Summary

Category # of Multiple Choice

Questions

Learning Objective: 01-01 Identify the respective makers of the different types of law (constitutions; statutes; common law; and administrative regulations and decisions).

1

Learning Objective: 01-02 Identify the type of law that takes precedence when two types of law conflict. (Be prepared for an essay case question based on Young v. Beck and a multiple choice case question on Trentadue v. Gordon.)

2

Learning Objective: 01-03 Explain the basic differences between the criminal law and civil law classifications.

1

Learning Objective: 01-05 Describe the respective roles of adhering to precedent (stare decisis) and distinguishing precedent in case law reasoning.

1

Learning Objective: 01-06 Identify what courts focus on when applying the major statutory interpretation techniques (plain meaning; legislative purpose; legislative history; and general

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Law of Business Organizations – Test 1 – September 12, 2013

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public purpose).

Learning Objective: 23-03 List the primary ways to acquire ownership of personal property.

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Learning Objective: 23-04 Explain how the rights of finders of abandoned; lost; and mislaid property differ.

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Learning Objective: 23-05 List and discuss the elements that are necessary for making a valid gift of property.

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Learning Objective: 23-06 List the three essential elements of a bailment.

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Learning Objective: 23-07 List and compare the three different types of bailment.

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Learning Objective: 24-03 Explain and distinguish among the various forms of ownership of real property.

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Learning Objective: 24-04 Explain the legal effects of easements and restrictive covenants as well as the duties of property owners toward third persons. (Be prepared for a multiple choice case question on Gardner v. Jefferys.)

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Learning Objective: 24-05 Distinguish the various ways in which ownership of real property is transferred and how title to property can be assured. Notice “Types of Listing Contracts” regarding one question. (Also, be prepared for an essay case question based on Schlichting v. Cotter .)

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Learning Objective: 24-07 Explain governmental powers to control and purchase private land and the constitutional limits on those powers. (Also, be prepared for an essay case question based on Kilo v. City of New London .)

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Learning Objective: 26-01 List and explain the requirements for a valid will.

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Learning Objective: 26-03 Identify and explain the legal tools ("advance directives") available for planning for possible future disability.

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Learning Objective: 26-06 Explain the concept of trust; identify various types of trusts; and explain the powers and responsibilities of a trustee.

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Law of Business Organizations – Test 1 – September 12, 2013

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Chapter 1 - Multiple Choice Questions 6

Chapter 23 - Multiple Choice Questions 8

Chapter 24 - Multiple Choice Questions 6

Chapter 26 - Multiple Choice Questions 6

Topic: Acquiring Ownership of Lost Property 1

Topic: Acquiring Ownership of Personal Property 4

Topic: Acquisition of Real Property 1

Topic: Bailments 3

Topic: Interests in Real Property Owned by Others 2

Topic: Land Use Control 1Law of Business Organizations – Test 1 – September 12, 2013

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Topic: Legal Reasoning 1

Topic: Rights and Interests in Real Property 2

Topic: The Functions of Law 2

Topic: Trusts 1

Topic: Types and Classifications of Law 2

Topic: Wills 5

Law of Business Organizations – Test 1 – September 12, 2013