contracts Funeral

Endowment life insurance

" " allows the insured, rather than the beneficiary, to collect the face value of the policy upon maturity or to collect that value in annual payments.

Capital stock

" " is the declared value of outstanding stock

Key person life insurance

" " protects a firm against losses due to the death of a key employee.

Life insurance

" " provides death benefits to the survivors of the insured.

Commission

" " refers to the Federal Trade Commission:

Sole proprietorship

A business that is owned by one person is classified as a:

Cashier's check

A check that the bank draws on its own funds and is signed by a responsible bank official is called a: Answer

Executory

A contract in which terms have not been fully performed by all parties is:

Promissory note

A family with a funeral bill wants to pay by a means other than cash. They to negotiate with what document?

Mutual benefit

A funeral director leasing a funeral coach from a livery service is an example of what type of bailment?

Risk

A is danger or loss from which the insured is protected, according to contract's terms.

Assignment of proceeds

A legal instrument which authorizes payment of insurance funds for funeral expenses to a funeral home is a(n):

Consult an attorney

A legal will states that all real and personal property is to be divided equally among all the deceased's children. The funeral director should tell the family to:

Summons

A notice of complaint given to a defendant defining the complaint and a time frame in which an answer must be received is a(n):

Tort

A private or civil wrong where the cause is intentional, or caused by negligence for which there may be action or damages is called a(n): Answer

Ratification

A restatement of an adult's willingness to be bound by a promise made during minority is known as:

Voidable

An inebriated (intoxicated) person enters into a contract. The contract is:

Fraud

An intentional statement of false facts upon which an injured party relied in decision to enter into a contract, to their detriment is:

Cash advance item

Any item of service or merchandise described to a purchaser as an "accommodation," "cash disbursement," or similar term:

Usury

Any rate of interest above the maximum rate allowable by law is:

Bailed property

Clothes and jewelry given to the funeral director to be placed on the dead body are considered in law as:

Customs and practices enforced by the courts

Common law is best described as:

1, 2, and 3 only

Consideration in a contract could be: 1-Personal property 2-Money 3-A promise of a service

A wrong against the public as a whole

Criminal law is concerned with:

Employee of Wilson

Johnson was engaged by Wilson to wash all of the windows in Wilson's Funeral home. Johnson was to be paid $500 and the job was to be completed within 5 days. Wilson was to have complete control over the operation. Johnson is a(n):

Independent contractor

Mr. Smith was engaged by Ms. Johnson to wash all the windows in Ms. Johnson's apartment house. Mr. Smith was to be paid $750, and the job was to be done within 7 days. Ms. Johnson would have no control over the operation. Mr. Smith is a(n):

Fixture

Personal property permanently attached to land is known as a

1, 3, and 4 only

Requirements for a valid offer must: 1-Include a specific time duration 3-Be definite 4-Be seriously intended

Administrative law

Rules and Regulations passed by the Federal Trade Commission (FTC) are examples of:

Mortuary law

The branch of the law which deals with the rules of conduct and actions governing a mortician during his legal relations with the public is called:

Case law

The doctrine of stare decisis is concerned with

Needs Assessment

The first step to the Americans with Disabilities Act (ADA) compliance is the creation of a: Answer

Binder

The is the temporary contract of insurance.

Duress

The method of removing one's free will in making a decision by threats to do physical harm to the person, his family, or property, is known as:

Assignee

The party to whom a contract is assigned is called the:

Assignor

The party who assigns a contract is the

Defendant

The party who is sued in a civil suit is known as the:

Offeror

The party who makes an offer is called the:

Bailee

The party who received personal property, but not ownership of the personal property is called the:

Agent

The party who sells a contract for another is called the:

Administrator

The person appointed by a court to oversee the estate is called the:

Plaintiff

The person who brings an action in court is the:

Right by estoppel

The right to purchase new shares in proportion to shares owned is termed

Executed

The term that is used when all the terms of a contract have been fully performed by the contracting parties is:

2, 3, and 4

Types of endorsements include which of the following? 2-Special 3-Qualified 4-Restrictive

Mutilation

Unauthorized embalming may be viewed by the courts as which type of violation?

2 and 4 only

Under the ADA (Americans with Disabilities Act), when a death is due to HIV (AIDS), the funeral home may: 2-Have a public viewing 4-Have a private service

Insurance

Uneventful protection for the small business or small business owner in regards to monetary compensation in the event that a business and/or personal peril is experienced, is termed

Punitive

What type of damages pay over and above the actual loss?

Executed

When all the terms of a contract have been fully performed by the contracting parties, the contract is said to be:

1 and 3 only

When two or more persons enter into a contract with one or more other persons, the contract may be: 1-Joint 3-Several

Bloodborne Pathogens

Which OSHA standard requires funeral home to provide specific training, PPE, and vaccination against Hepatitis B?

Fraud

Which of the following has occurred if a funeral service practitioner intentionally misrepresents a benefit of a preneed funeral arrangement?

1, 2, 3, 4

Which of the following terms are associated with filing suit in a civil action? 1-Discovery 2-Process 3-Petition 4-Answer

Fraud

Which one of the following has occurred if a funeral service practitioner intentionally misrepresents a benefit of a pre-need funeral arrangement?

Maker

Who of the following is primarily liable on a promissory note?

Negotiable instruments

Written instruments drawn in a special form that can be transferred from person to person as a substitute for money or as an instrument of credit are known as:

Libel

False statements made in writing for the purpose of injuring the reputation of another constitute is called:

Bloodborne Pathogens

Funeral homes are required to provide specific training, protective clothing, and a vaccination against Hepatitis B under which of the OSHA standards?

Voidable

If an individual was intoxicated when the contractual portion of the Statement of Funeral Goods and Services Selected was signed, the contact is:

Corpse

In Mortuary Law, the term "dead human body" is synonymous with:

Fiduciary

In law, a relationship of trust is expressed by the term:

Valid

In order for a contract to be enforced by the courts, it must be

Liability insurance

Insurance that covers business liability to customers and others who might be injured from the product sold to them is called