A customer can stop payment on a check that has been certified or accepted by a bank. (a) True (b)False 2.The rights and duties of a bank and its…

1.A customer can stop payment on a check that has been certified or accepted by a bank.​

(a) True

(b)False

2.The rights and duties of a bank and its customer are contractual.​

(a)True

(b) False

3.Lena borrows from Mac and Nicol, using the same collateral for both loans. Only Nicol has a perfected security interest. Lena defaults on both loans. The party with first rights to the collateral is ​

(a)Lena.

(b)​Mac and Nicol, in proportion to Lena’s debt to each.

(c)​Mac only.

(d) ​Nicol only.

4.An employer can exclude persons from employer-provided health-insurance coverage for preexisting conditions.​

(a)True

(b)False

5.Emylee, an employee of Farm Supplies, Inc., files a sexual-harassment suit against her employer, alleging sexual harassment by her supervisor Gowan. Farm Supplies may be liable if it had effective harassment policies and complaint procedures that were followed by ​

(a)none of the employees.

(b)​Emylee.

(c) ​all of the employees except Emylee.

(d) ​Gowan.

6.Analytic Projections, Inc., a data analysis firm, wants to hire Benazir, a noncitizen. A work visa is most likely to be set aside for a noncitizen if ​

(a)the noncitizen is of “ethnic similarity to the employer’s workforce.”

(b) ​there is no shortage of qualified U.S. workers capable of doing the work.

(c) ​hiring the worker will not adversely affect the labor force.

(d) ​the noncitizen is a “person with an extraordinary work ethic.”

7.The incorporation of the town of Halfway, Oregon, is approved by the state. Halfway is

(a)​a publicly held corporation.

(b) ​a public corporation.

(c) ​a private corporation.

(d) ​not a corporation.

8.In contemplation of death during risky surgery, Donnelly, a guitarist, gives his guitars to Cathy. The surgery is successful, and Donnelly does not die. The gift of the guitars is​ ​(a)not revoked because it was a gift causa mortis.

(b) ​not revoked because it was a gift inter vivos.

(c) ​revoked because it was a gift causa mortis.

(d)​revoked because it was a gift inter vivos.

9.Eminent domain is the right of an owner of property in fee simple absolute to use the property as he or she sees fit.

(a)True

(b)False

10.Kelly leases an office from Land & Building Company (LBC) for a four-year term with the rent payable monthly. At the end of the term, Kelly retains possession of the office with LBC’s consent and continues to pay monthly rent. This is ​

(a)a periodic tenancy.

​(b)a tenancy at sufferance.

(c) ​a tenancy at will.

(d)​a fixed-term tenancy.

11.Property used by a government for a public purpose such as a park is community property.

(a)True

(b)False

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