Practice Quiz

Paralegal Exam Prep - Question List

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246. The Uniform Commercial Code requires that warranty disclaimers be:
  1. Printed in the instruction manual.
  2. In fine print.
  3. Detailed.
  4. Conspicuous.
  5. Limited.
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247. Creditors who have the right to be paid before shareholders if a corporation liquidates have a:
  1. First priority.
  2. Liquidation preference.
  3. Conversion right.
  4. Cumulative dividend right.
  5. Dividend preference.
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248. If BigCo A and BigCoB join together to become BigCoC, what has occurred?
  1. A liquidation.
  2. A consolidation.
  3. A migration.
  4. An integration.
  5. A merger.
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249. A short-term debt security with a maturity of five years or less is known as a:
  1. Note.
  2. Voucher.
  3. Lien.
  4. Debenture.
  5. Bond.
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250. A long-term, unsecured debt instrument that is based on a corporation's or government’s general credit standing is known as a:
  1. Corporate bond.
  2. Voucher.
  3. Treasury bill.
  4. Debenture.
  5. Convertible bill.
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