Question: Enjoying gelato at the Duomo, Teah and Krista see a sign that says “341 Meeting This Tuesday.” What can Teah and Krista expect should they decide to attend?
Answer Options:
A trustee asking a debtor questions.
A bankruptcy judge deciding whether the debtor’s bankruptcy should be a Chapter 7 or Chapter 13.
A trustee deciding that a debtor’s debt has been discharged.
An auction of a debtor’s non-exempt property.
Answer: A trustee asking a debtor questions.
Question: The session layer in the OSI model is responsible for:
Error control.
Creating and terminating connections.
Specifying end user needs.
Tracking cookies.
Answer: Creating and terminating connections.
Question: The TCP/IP stack has ____ layers.
Answer: 4
Question: Florence discovers Florence’s finest nursery and as she is admiring the flowers growing out of soil in the ground. She stops and wonders what is true about real/personal property. She concludes?
Answer Options:
Some real property can be converted to personal property.
Property right in personal property is the same as property right in real property.
A patent right is not personal property.
Real property can never be converted into personal property.
Answer: Some real property can be converted to personal property.
Question: The contribution of the OSI model was that:
It helped develop the technologies used for reliable data delivery.
It helped develop the technologies used for signaling.
It helped specify the concept of layers in data communication.
It helped develop the technology used for routing.
Answer: It helped specify the concept of layers in data communication.
Question: Krista has a life estate in a residence. She decides to sell her life estate to Sujoy. Which of the following is true?
Answer Options:
Sujoy’s interest in the life estate ends upon Krista’s death.
Since Krista only has a life estate, she and Sujoy become tenants in common.
Krista could have sold the entire property outright to Sujoy.
Once she purchases the life estate, Sujoy is entitled to live in the residence for the rest of her life.
Answer: Sujoy’s interest in the life estate ends upon Krista’s death.
Question: At a fancy smancy party, one of the party goers tells Mackensie that the party goer’s sister is filing bankruptcy and that 2 days after files the bank plans to start a foreclosure action. Mackenzie’s response is?
Answer Options:
Because there is a foreclosure action, the bankruptcy will have no effect on the outcome.
The automatic stay will prevent the foreclosure action from moving forward.
The trustee will decide whether or not the foreclosure action will go forward.
Answer: The automatic stay will prevent the foreclosure action from moving forward.
Question: Which of the following is not necessary in a principal agency relationship?
Answer Options:
Consent
Consideration
Authority
Two parties
Answer: Consideration
Question: The difference or similarity of a Chapter 13 and a Chapter 11 bankruptcy is which of the following?
Answer Options:
A Chapter 13 bankruptcy is a total liquidation of the debtor’s non-exempt property and a Chapter 11 bankruptcy involves the partial payment of debt.
A Chapter 11 bankruptcy is a total liquidation of the debtor’s non-exempt property and a Chapter 13 bankruptcy involves the partial payment of debt.
In a Chapter 13 bankruptcy, there is a trustee, whereas in a Chapter 11 bankruptcy there is not.
Both types of bankruptcy are exactly the same except that a Chapter 13 bankruptcy involves more paper, and a Chapter 11 bankruptcy involves more in-person business.
Answer: In a Chapter 13 bankruptcy, there is a trustee, whereas in a Chapter 11 bankruptcy there is not.
Question: Priscilla sells Sujoy a tract of land for $35,000. Priscilla executes a quitclaim deed to Sujoy. After purchasing the lot, Sujoy begins building a house on the land. Then, Teah produces a deed showing that she owns the property in fee simple absolute. Which of the following is true?
Answer Options:
Teah cannot take the land from Sujoy due to promissory estoppel.
Sujoy can sue Priscilla because she warranted her ownership of the tract of land she sold to Sujoy.
Teah cannot not take the land from Sujoy because Priscilla sold it to Sujoy.
The tract of land belongs to Teah.
Answer: The tract of land belongs to Teah.
Question: On a hot day, Fernando wanders around Florence asking everybody he sees whether they know of a good Italian restaurant. Finally, he happens upon a museum dedicated to Italian cuisine and enters it to take one of the “water bottles” in the middle of the main floor of the museum. At the table, it says “take one.” Without buying a ticket, Fernando takes the water bottle and leaves the museum. Which of the following is true?
Answer Options:
Fernando is entitled to enter because the museum is open to the general public.
Fernando does not have a license to enter the museum.
Fernando can take the water bottle as long as he leaves immediately after taking a promotional item.
Fernando has an easement to enter the museum.
Answer: Fernando is entitled to enter because the museum is open to the general public.
Question: The most common control used to ensure availability of outgoing information is
Answer Options:
Encryption
Firewall
Redundancy
De-militarized zone
Answer: Redundancy
Question: A protocol is a set of rules that:
Define layers.
Arrange functionality of components.
Permit information systems to exchange information with each other.
Break down user data into small segments.
Answer: Permit information systems to exchange information with each other.
Question: Teah and Krysella are joint tenants with right of survivorship with respect to an apartment building. Teah sells her interest to Fernando. Which of the following is true?
Answer: Krysella and Fernando are now joint tenants with right of survivorship.