Business Structures (Part 2) - Podcast & Quiz

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Question 1: Which court handles civil claims less than $5,000 in a state court system?

District CourtSmall Claims CourtCircuit CourtSupreme Court

Question 2: In federal courts, cases involving federal law fall under Federal Question jurisdictionDiversity JurisdictionAppellate JurisdictionSmall Claims Jurisdiction

Question 3: Pro Se Representation means

Representation by a group of individualsRepresentation by a company's legal teamRepresentation of oneself in courtRepresentation by a foreign attorney

Question 4: What is a necessary element for a valid contract?

Contract durationAcceptance by one partyPayment of considerationApproval by a judge

Question 5: Which defense argues that the contract did not come into effect due to unmet conditions?

MistakeNo considerationCondition precedentBreach

Question 6: What type of damages aims to restore the injured party to the position they were in before the breach of contract?

Punitive damagesNominal damagesSpecific performanceLiquidated damages

Question 7: Unjust Enrichment is used when:

The contract terms are disputedThere is no written contractBoth parties have fulfilled their obligationsOne party benefits unfairly at another's expense

Question 8: What is required for a claim of fraud?

Proof of negligenceDetrimental relianceMutual mistakeAn innocent misunderstanding

Question 9: Negligence consists of four elements. Which one involves behaving as a reasonably competent professional?

CausationDuty BreachDamages

Question 10: Mechanic's liens are used to secure payment for:

Material suppliersArchitects onlyProperty ownersConstruction workers

Question 11: How long do you have to record a statement of lien after completing work?

3 months6 months9 months12 months

Question 12: What is an important practical tip mentioned?

Avoid all written communicationKeep copies of all communicationsUse verbal agreements onlyNever communicate budget changes

Question 13: Which statute allows recovery of attorney’s fees by a successful Plaintiff?

KRS 198B.130KRS 411.256KRS 376.010KRS 200.100

Question 14: What must be done to perfect a mechanic’s lien?

Notify the state governmentRecord a statement of lienServe the property owner with a copy of the contractFile a lawsuit

Question 15: What type of damages can be awarded in cases of fraud?

Consequential damages onlyPunitive damages onlyNominal damagesConsequential and punitive damages

Question 16: Liquidated damages are

Specified in the contract for any type of breachDetermined by the judge after a trialMeasured based on the plaintiff's emotional distressNot recognized by the court

Question 17: If a party received a benefit but did not have a contract, what legal theory might apply?

Breach of ContractNegligenceUnjust EnrichmentFraud

Question 18: Which court handles civil claims greater than $5,000 in a state court system?

District CourtSmall Claims CourtCircuit CourtAppellate Court

Question 19: What is the duty component in a negligence claim?

Proof of damagesProof of breachCausationLegal obligation to behave in a certain way

Question 20: When must a letter notifying the property owner of intent to file a lien be sent?

Within 30 days of completion of workWithin 75 days of completion of work for claims less than $1,000Within 180 days of completion of workWithin 365 days of completion of work

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