Business law Study guides, Class notes & Summaries

CSLB - Law and Business Exam Q&A 2 types of qualifying individuals for each type of license - ANSWER Individual - Responsible Managing Employee (RME) or Owner Partnership - Qualifying Partner or RME Corporation - Responsible managing officer (RMO) or RME LLC - RME, RMO, Responsible Managing member/manager What must be filed w/CSLB if RME/RMO leaves? Within how long? If not, what happens? - ANSWER "Notice of disassociation" and "application for replacing qualifying individual". Wit...

12/1 - even numbered yrs correct answersOn what date does an adjuster's license need to be renewed? $1,000 correct answersWhat is the amount of bond that must be posted to obtain and adjuster's license? Not until hearing held correct answersWhen can the Superintendent of Insurance revoke an adjuster's license? a. anytime b. by sending a 30 day notice of the renovation c. not until a hearing is held d. When proof of offense has been received Example of unfair claim settlement act cor...

TEXAS ALL LINES ADJUSTER COMPREHENSIVE TEST 2023/2024 NEW UPDATE!! (QUESTIONS AND VERIFIED ANSWERS) 100% CORRECT ANSWERS 1. An insured is covered under a Commercial Property policy with the special cause of loss form attached. The insured suffers a loss to some valuable papers and records pertinent to his business. Which of the following statements is correct about how this loss will be covered? ~ Answer: It will be covered if the loss was caused by one of the broad form perils. ...

PSI Real Estate Practice Exam - Michigan (Chapter 1)Designated Agent - correct answer A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. Income Approach - correct answer What approach does an appraiser take primarily for an investment property? 1.) "Personal Assistant" (Answer) 2.) "Agent-Assistant" 3.) "Proxy-Agent" 4.) "Broker-Assign...

TSA Foundations of Information Technology Study Guide Rated A+ Infrastructure The underlying framework or basic foundation for something. paradigm shift a fundamental change in approach or underlying assumptions. Information Technology the study, design, development, implementation, support, and management of computer-based information systems. Information Technology Infrastructure A combination of hardware and software installed on a network that allows employees of a business to be producti...

Solution Manual for Introduction to Corporate Finance 2nd Edition by Megginson Chapter Overview The Opening Focus looks at an issue close to most students’ hearts – digital music. It details Apple’s successful strategy in selling songs for about a dollar each, downloaded into its iPod MP3 player. Students may not realize that Apple sells more iPods than computers. Apple has found a way to compete in two highly competitive businesses – music and computers. Chapter 1 looks at ho...

In a residential lease with a "right of first refusal" provision: - Answer- The tenant has the right to match or better any offer the landlord receives to prevent the property from being sold to someone else The four ECONOMIC characteristics of land are: - Answer- 1) Scarcity 2) Modification 3) Situs 4) Fixity GIVES LAND ITS VALUE The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days A contract that is said to lack...

A ladder should extend a minimum of ___ above the top of a trench or excavation. A. 1 feet B. 2 feet C. 3 feet D. 4 feet - correct answerC. 3 feet Accordring to OSHA, shoring lumber shall be ___. A. #1 treated B. #2 treated C. select structural D. #3 common - correct answerC. select structural Cal/OSHA inspectors cannot, under most circumstances: A. enter a business outside of normal business hours B. inspect a workplace without prior notice C. obtain an inspection warrant...

PEARSON VUE LIFE + HEALTH INSURANCE PRACTICE EXAM 2024 LATEST QUESTION AND ANSWERS. P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary - ANSWER-B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A.indemnity contract B...

An Introduction to Business Ethics, 6e (DesJardins) Chapter 1 Why Study Ethics? 1) Which of the following statements is decisive in determining whether or not to study business ethics? A) Business managers don't need to study ethics in order to know how to treat employees, shareowners, and customers. B) Business and ethics simply don't mix. In the final analysis, self-interest, represented by profit, overrides the interests of employees, customers, and communities. Opinion and sentiment get...