Shipment contracts Study guides, Revision notes & Summaries

The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine. - CORRECT ANSWER A. Negligent entrustment. There was a large unmarked sinkhole on Charlotte's property, a short distance from a public road. One evening, a police officer c...

AD Banker Property and Casualty Exam Louisiana with Complete Questions & Answers (Graded A)AD Banker Property and Casualty Exam Louisiana with Complete Questions & Answers (Graded A)AD Banker Property and Casualty Exam Louisiana with Complete Questions & Answers (Graded A)Under aleatory contracts, the exchange of values is: - ANSWER-unequal B is traveling to Europe for a month's vacation. Which of the following coverages might her agent recommend to cover personal items? - ANSWER-Personal ef...

CPCU 530 Practice Exam Questions and Answers common stock - Answer-An ownership interest in a corp that gives stockholders certain rights and privileges, such as the right to vote on important matters and to receive dividends preferred stock - Answer-Stock that is generally nonvoting but that has priority over common stock, usually regarding dividends and capital distribution if the corporation ends its existence Par value - Answer-An arbitrary dollar value that an organization assigns...

Three sources of laws that interpret sales contracts exist: - ANSWERS1. state common law 2. the uniform commercial code, and 3. state statutory law Every state except _________ has adopted Article 2 of the UCC. - ANSWERSLouisiana. Louisiana's civil tradition is based on Code Napoleon, or the French Civil Code. Article 2 describes ________ of goods, while Article 2(A) describes the __________ of goods. - ANSWERSArticle 2: Sales of goods Article 2(A): Leases of goods When UCC Articl...

Under aleatory contracts, the exchange of values is: - ANSWERSunequal B is traveling to Europe for a month's vacation. Which of the following coverages might her agent recommend to cover personal items? - ANSWERSPersonal effects floater Under a Personal Auto policy, all of the following are correct about medical payments coverage, except: - ANSWERSThe policy limit is applied on a per occurrence basis, not per person A person wishing to insure a single shipment would be best served by w...

CPCU 530 Practice Exam Questions and Answers common stock - Answer-An ownership interest in a corp that gives stockholders certain rights and privileges, such as the right to vote on important matters and to receive dividends preferred stock - Answer-Stock that is generally nonvoting but that has priority over common stock, usually regarding dividends and capital distribution if the corporation ends its existence Par value - Answer-An arbitrary dollar value that an organization assigns...

Contracting Officer Unlimited Warrant Board Exam Questions and Answers What is an option? - Answer-An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The us...

Unlimited PCO Warrant Board I Exam Questions and Answers What is an option? - Answer-An option is a unilateral right in a contract, for a specific period of time, where the Gov't may elect to purchase additional supplies or services called for by the contract, or extend the PoP. The PCO should use options when (1) in the Govts best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The use of options are not normally in the Gover...

Under aleatory contracts, the exchange of values is: correct answers unequal B is traveling to Europe for a month's vacation. Which of the following coverages might her agent recommend to cover personal items? correct answers Personal effects floater Under a Personal Auto policy, all of the following are correct about medical payments coverage, except: correct answers The policy limit is applied on a per occurrence basis, not per person A person wishing to insure a single shipment woul...

Contracting Officer Unlimited Warrant Board Exam With 100% Correct Answers What is an option? -answersAn option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The...