Business & Agency
Sales of Goods
Insurance & Bailment & HR
Real & Intellectual Property
Finance & Bankruptcy
100
The duty to act in the best interests of partners, corporations and principals.
What is fiduciary duty?
100
Risk of loss follows this under the Sales of Goods Act
What is title or ownership?
100
Giving your keys to a parking attendant creates this.
What is a bailment?
100
The column of air above the surface, the surface and anything below the surface.
What is the definition of real property?
100
Ten percent of the price of improvements on land is required to be heldback
What is a builder's lien/construction lien?
200
Partners have unlimited liability for debts; but no liability for the torts of another partner.
What is a Limited Liability Partnership.
200
Breach of a fundamental term allowing recision of the contract.
What is a condition?
200
Underinsuring your property may make you one of these
What is a co-insurer?
200
Monopoly power to produce an invention for 20 years is granted under this
What is a Patent?
200
This creditor has priority over general creditors, but not the secured.
What is the preferred creditor?
300
Partnership where liability is limited to one's capital contribution
What is a limited partnership?
300
Breach of a fundamental term allowing recision of the contract.
What is goods sold on approval?
300
Must exist at the time the insurance contract is made and at the time of loss; excludes life insurace policies
What is an insurable interest?
300
Assigning rights to possession of property; liability remains with assignor.
What is a sublease?
300
Proper registration perfects a creditor's interest under this Act.
What is Personal Property Security Act?
400
Agency relationship that is inferred from the actions of a principal
What is an agency by conduct or estoppel?
400
Goods sold are suitable for the purpose they were bought for; must have relied on the skills of the seller when making the purchase
What is condition of fitness?
400
Is the result of a serious breach of an employment contract.
What is dismissal for just cause?
400
Interest in land which is equal in time and possession; with the right of survivorship.
What is a joint tenancy?
400
Title cannot be transferred when debt under these two common forms of security is still outstanding
What is chattel mortgage and conditional sales agreement?
500
Holding oneself out as an agent for a non-existent or fictious principal.
What is breach of warranty of authorty?
500
This right is lost once the seller gives up possession of the goods.
What is the right to lien?
500
Considers length of employment, seniority, position within company and ease of finding a similar position
What is the notice period?
500
Equipment attached to real property for business purposes
What is a Trade Fixture?
500
Three months arrears preceding bankruptcy to this preferred creditor.
What is the amount owed to a landlord?
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