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AIC 301 STUDY GUIDE WITH COMPLETE SOLUTIONS

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AIC 301 STUDY GUIDE WITH COMPLETE SOLUTIONS

Institution
AIC 301
Course
AIC 301

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owners can use as much water from waterways that pass through their property for
_______________ purposes, but have to limit themselves for ________________ purposes


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domestic; industrial




contract where terms and intentions are clearly stated


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express contract




ex. shopper, restaurant guest, theater patron

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business invitee




2 forms of ambiguity in contract law


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1) contractual provision can be interpreted in more than one way
2) meaning of a provision cannot be determined




most insurance policies contain a provision that requires insurer's ______________
_________________ for an insured to transfer a policy to another party


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written permission




the voluntary and gratuitous transfer of property without consideration


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gift




a person or an organization that has committed a tort

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tortfeasor




4 defenses against injurious falsehood claims


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1) disparaging statement was true
2) retraction was made
3) statement had absolute privilege
4) statement had conditional or qualified privilege




2 types of bill of ladings


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1) straight bill of lading
2) order bill of lading




the permission to enter onto another's land arising out of a relationship between the
party who enters the land and the owner


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implied license

, the primary factor distinguishing intentional torts from negligence


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intent




a person or organization in the business of transporting property of others


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carriers




5 elements plaintiff must prove in products liability lawsuit


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1) seller was in the business of selling products
2) product had a defect making it unreasonably dangerous
3) product was dangerously defective when it left the manufacturer's or
seller's custody
4) defect was the proximate cause of the plaintiff's injury
5) product was expected to and did reach the consumer without
substantial change in condition




the person or organization that receives property being transported by a carrier


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Institution
AIC 301
Course
AIC 301

Document information

Uploaded on
May 30, 2026
Number of pages
158
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • aic 301
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