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5 Written questions

5 Matching questions

  1. dividend
  2. prejudicial error
  3. chapter 7
  4. res ipsa loquitur
  5. respite
  1. a a temporary delay, an intermission, suspension
  2. b "the thing speaks for itself" negligence may be inferred from the mere happening of the accident
  3. c profit left over at the end of the year that's divided among the investors
  4. d an error that seriously affects the person's legal rights
  5. e This is a liquidation bankruptcy, which means that the trustee sells off all non-exempt assets held by the debtor so that the debts can be repaid to the fullest extent possible. Anything that cannot be paid after liquidation is discharged

5 Multiple choice questions

  1. "which see"; a direction to the reader to look elsewhere (abbreviated q.v.)
  2. The chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income, often referred to as a "wage-earner" plan. Chapter 13 allows a debtor to keep property and use his or her disposable income to pay debts over time, usually three to five years.
  3. partner in crime; an accomplice
  4. ready for judgment
  5. an unwelcome person

5 True/False questions

  1. common stockowned by the corporation in its own name; almost a reserve fund


  2. corporation as legal person1) right to sue and be sued; 2) right to buy, hold, and sell lands and chattels; 3) right to make bylaws by which the corporation is governed; 4) right to have a corporate seal


  3. parolwhen someone stands in to represent someone else in a vote or at a meeting


  4. plebiscite(law) the act of rescinding


  5. paterfamiliasthe release of a prisoner upon certain conditions