Mors 200 Arts Final - Mortuary Law Compend- Multiple Choice Part 7
This deckl dying intestate means passing away without a valid will, so state laws determine the distribution of the estate.
An agency is terminated by operation of the law if which of the following conditions occur? A. If the original contract specifies a date for termination B. By mutual agreement of the principal and the agent C. Death and incapacity of either principal or agent D. The principal may revoke the agent's authority
Death and Incapacity of Either Principal or Agent
Key Terms
An agency is terminated by operation of the law if which of the following conditions occur? A. If the original contract specifies a date for termination B. By mutual agreement of the principal and the agent C. Death and incapacity of either principal or agent D. The principal may revoke the agent's authority
Death and Incapacity of Either Principal or Agent
Ownership of corporate stocks is represented by: A. Bill of sale B. Corporate charter C. Certificate of title D. Stock certificates
Stock Certificates
An advantage to a corporation is: A. Diverse management B. Limited liability C. Unlimited liability D. Common stock
Limited Liability
A gift of personal property received through a will. A. Bequest B. Devise C. Legatee D. Codicil
Bequest
A nuncupative will is: A. A typed will B. A handwritten will C. An oral will D. A collateral will
An Oral Will
The right that one person has to use the property of another for a special purpose. A. Passageway B. Easement C. Right of passage D. Property exit
Easement
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| Term | Definition |
|---|---|
An agency is terminated by operation of the law if which of the following conditions occur? A. If the original contract specifies a date for termination B. By mutual agreement of the principal and the agent C. Death and incapacity of either principal or agent D. The principal may revoke the agent's authority | Death and Incapacity of Either Principal or Agent |
Ownership of corporate stocks is represented by: A. Bill of sale B. Corporate charter C. Certificate of title D. Stock certificates | Stock Certificates |
An advantage to a corporation is: A. Diverse management B. Limited liability C. Unlimited liability D. Common stock | Limited Liability |
A gift of personal property received through a will. A. Bequest B. Devise C. Legatee D. Codicil | Bequest |
A nuncupative will is: A. A typed will B. A handwritten will C. An oral will D. A collateral will | An Oral Will |
The right that one person has to use the property of another for a special purpose. A. Passageway B. Easement C. Right of passage D. Property exit | Easement |
A charge against another's property as security for a debt or claim. A. Lien B. Easement C. Debt D. Obligation | Lien |
The power of government to take private property against the objection of the owner for a public purpose. A. Annexation B. Eviction C. Eminent domain D. Encumbrance | Eminent Domain |
A lien or mortgage against real property. A. Easement B. Replevin C. Encumbrance D. Subrogation | Encumbrance |
Which of the following is classified as movable personal property? A. A farm of 160 acres in size B. Furniture C. Stock certificate D. Mineral interest ina parcel of land | Furniture |
The person who receives the proceeds from an insurance policy. A. Underwriter B. Policy holder C. Beneficiary D. Indorser | Beneficiary |
A written insurance contract. A. Oral contract B. Statement C. Waiver D. Policy | Policy |
A reducing term insurance policy plus savings account. A. Terminated policy B. Endowment policy C. Mutual policy D. Stock policy | Endowment Policy |
A life insurance policy in which premium payments continue to death or until age 100, whichever occurs first. A. Whole-life policy B. Term policy C. Renewable term policy D. Death benefit policy | Whole-Life Policy |
Another term for the insurer. A. Corporation B. Legatee C. Underwriter D. Legator | Underwriter |
The person protected against a loss. A. Beneficiary B. Fiduciary C. Policy holder D. Underwriter | Policy Holder |
The consideration of an insurance policy. A. Endowment B. Premium C. Stock D. Indemnity | Premium |
In regards to the no-property theory; the dead body was under control of the: A. Family B. Courts C. Church D. King's regents | Church |
The power to adapt laws for the protection of the public. A. Administrative power B. Police power C. Civil process D. Equity law | Police Power |
An action to recover possession of property unlawfully detained. A. Litigation B. Replevin C. Tort D. Repossession | Replevin |
The term synonymous to a dead body. A. Skeleton B. Cremains C. Corpse D. Putrefaction | Corpse |
The major source of mortuary law. A. Common law B. Civil law C. Cannon law D. Church law | Common Law |
A dead human body used for anatomical study. A. Corpse B. Cravat C. Cadaver D. Crevice | Cadaver |
The most positive sign of death. A. Decomposition B. Degeneration C. Cremation D. Lack of breath | Decomposition |
The legal status of a dead human body known as the property theory. A. Sometimes used in this country B. Never used in this country C. Always used in this country D. Infrequently used in this country | Never used in this country |