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Created: 9/9/25, For Instructor: John F. King @ WCU
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When a Mortgage Loan borrower is unable to pay their Mortgage, the Borrower may agree to give the Lender a deed to the property before the Lender forecloses on the Mortgage. That Deed is Called a:
Deed in Lieu of Foreclosure
When a Defendant in a Civil Action Asserts a Claim back against the Plaintiff who sued them, that is called a:
Counterclaim
The statutory period for adverse possession in North Carolina under color of Title is How Many Years?
7
Under the 5th amendment’s prohibition of Double Jeopardy “Jepardy” Attaches:
When a Jury is Empaneled, or in a Bench Trial when the First Witness is Called
A court may gain personal jurisdiction over a party by the terms of a contract. True or False
True
A word, phrase, symbol, design or combination of those things that identifies a product or service is called:
A Trademark
The right to travel across someone else’s land for a limited purpose is called an:
Easement
The type of Property Ownership that requires the four unities of property is:
Joint Tenancy
A person who is sued in a civil action and who must defend the claims made by the plaintiff is called what?
The Defendant
For a court to have jurisdiction over a certain matter, it must have both subject matter over the type of case and personal jurisdiction over the parties to the case. True or False?
True
A “plant patent” is a patent that was created jointly by all workers in a manufacturing plant. True or False?
False
In the Bill of Rights, the amendment that guaranteed the right to bear arms is the ____ amendment.
2nd
Property you can touch, hold, or feel is called:
Tangible Property
In the legislative branch of government, the house of representatives is known as the ____ House.
Lower
After the conclusion of the presentation of evidence in a civil trial, The parties have the opportunity to speak to the jury to advocate their case. This Phase is called:
Closing Arguments (Looked Up)
Federal Question Jurisdiction is obtained by a federal court when all parties a residents of the same state. True or False
False
A Trade Secret can be kept secret and used by a corporation for what period of time?
Forever
What are the Five Elements of an adverse possession claim?
OCEAN. Open, Continuous, Exclusive, Adverse, Notorious
The Dawn of Limited government in the United States was preceded by and made possible by an English proclamation known as:
The Magna Carta
A Civil Action is Commenced by the filing of a document called a ____?
Complaint
The symbol of The Letter R contained in a circle stands for:
A Registered Trademark
Transfers of Real Estate are Required to be in writing by the:
Statue of Frauds
Judicial Review is the process by which the judicial branch of government serves as a check on both the executive branch and legislative branch of government. True or False?
True
With regard to the jurisdiction of federal courts, diversity jurisdiction grants a federal court jurisdiction when:
The case involves citizens of different states and an amount in excess of $75,000.00
The Dodge v. Ford Motor Company case is an example of case law authority of what theory of corporate management?
Shareholder Theory
The General Concept that grants specific power to the Federal Government and in turn retains all other powers to the states is known as:
Federalism
In reaching their verdict, a jury in a civil trial may consider:
Testimony, documents or exhibits admitted by the judge
The form of a Deed that provides the Most Protection for the Buyer and is the Most Common form of Deed is called:
A Warranty Deed
The form of Intellectual Property where the Inventor teach the world how to re-create their Invention, and in turn is granted the right to Exclusively use that Invention for a Limited Period of Time is called:
A Patent
There are how many federal court systems in the united states?
1