Social Science Law
CPCU 530 - Practice Quiz 5
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CPCU 530 - Practice Quiz 6 CPCU 530 - Practice Quiz 3 AIC 301 - final exam prep questions... CPCU 5
56 terms 44 terms 50 terms 47 terms
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A producer who fails to add an available coverage Duty to follow instructions
requested by an insured has failed in which one of the 3 multiple choice options
following producer duties?
Carla was admitted to a nursing home and gave her son, Agency by appointment.
Sebastian, power of attorney to handle her financial 3 multiple choice options
matters. This is an example of
Ross, a sales clerk for Keithly's Hardware Store, serviced Apparent authority
Oscar who paid for his purchases with a check. Keithly's
1 multiple choice option
has a policy of credit card or cash only. Ross accepted
Oscar's check for his purchases since Oscar has been an
excellent customer. What type of authority does this
illustrate?
Usually, the circumstances for termination of the Are specified in the agency contract.
producer/insurer relationship 3 multiple choice options
The agent must not undertake any business venture that Loyalty.
competes or interferes with the principal's business. This
3 multiple choice options
agent duty to the principal is
Jolene is a principal who is worried about her agents To use exculpatory clauses in contracts.
making material misrepresentations to third parties. One 3 multiple choice options
way she can protect herself is
Roscoe, a waiter at Pravalt's Restaurant, noticed the Implied authority
kitchen had run out of lemons. Mr. Pravalt, the owner, is 3 multiple choice options
out of town. Rather than displease his customers, Roscoe
went next door to the grocery and purchased lemons.
This was an example of which type of authority?
, Upon termination of an agency relationship the principal Avoid the operation of apparent authority.
must take appropriate action to inform third parties that
3 multiple choice options
the relationship has terminated to
Martin, an agent with Cromley Insurance Company wrote Ratification.
a personal auto policy on a dump truck for James. Dump 3 multiple choice options
trucks are on the unacceptable list for personal auto
policies for Cromley. Cromley agrees to accept the
recent loss that James had in his dump truck. Cromley's
acceptance of the recent loss is an example of agency
by
When undisclosed principals are involved, their rights Greater burden on the third party
against third parties can be limited in four situations. 3 multiple choice options
Which one of the following is one of these situations?
Depending on the offense, a principal can sue an agent For breach of agency contract.
3 multiple choice options
Which one of the following is an example of an Jeter works as seamstress at Lo Suds Laundry. Jeter works when the laundry is
employee? open. Jeter's charges to customers for her sewing were handled by Lo Suds.
3 multiple choice options
In contract liability cases one of the questions to be What was the extent of the agent's authority?
answered in determining the parties' liabilities and rights 3 multiple choice options
includes
In a suit by a third party against an agent concerning a A third party failed to perform the contract.
contract entered into on a principal's behalf, which one of 3 multiple choice options
the following personal defenses can the agent set up as
though the agent were the sole contracting party?
Marty, a mover for Etchley's Moving and Storage, moved Apparent authority
the Appleton family to their new home. While moving the
3 multiple choice options
Appleton's 1850 pine hutch cabinet, Marty accidently
scratched the top. Although Etchley has a furniture repair
person on staff, Marty used his own furniture sander to
repair the scratch and damaged it further. The Appleton's
believed that Marty had the experience and the authority
to repair their hutch cabinet. What type of authority did
the Appleton's believe Marty had?
When Adam went to work for Stulford's Coffee Shop, he Express authority.
was given written instructions on how to brew its coffee 3 multiple choice options
including how much coffee and water to use in the coffee
makers. The authority demonstrated here was
Which one of the following scenarios was an Cathleen was a freelance columnist for the Mid News. She was paid by the article
independent contractor example? and set her own hours.
3 multiple choice options
CPCU 530 - Practice Quiz 5
Save
Students also studied
CPCU 530 - Practice Quiz 6 CPCU 530 - Practice Quiz 3 AIC 301 - final exam prep questions... CPCU 5
56 terms 44 terms 50 terms 47 terms
mal_whaley Preview mal_whaley Preview knowltot__ Preview mal
A producer who fails to add an available coverage Duty to follow instructions
requested by an insured has failed in which one of the 3 multiple choice options
following producer duties?
Carla was admitted to a nursing home and gave her son, Agency by appointment.
Sebastian, power of attorney to handle her financial 3 multiple choice options
matters. This is an example of
Ross, a sales clerk for Keithly's Hardware Store, serviced Apparent authority
Oscar who paid for his purchases with a check. Keithly's
1 multiple choice option
has a policy of credit card or cash only. Ross accepted
Oscar's check for his purchases since Oscar has been an
excellent customer. What type of authority does this
illustrate?
Usually, the circumstances for termination of the Are specified in the agency contract.
producer/insurer relationship 3 multiple choice options
The agent must not undertake any business venture that Loyalty.
competes or interferes with the principal's business. This
3 multiple choice options
agent duty to the principal is
Jolene is a principal who is worried about her agents To use exculpatory clauses in contracts.
making material misrepresentations to third parties. One 3 multiple choice options
way she can protect herself is
Roscoe, a waiter at Pravalt's Restaurant, noticed the Implied authority
kitchen had run out of lemons. Mr. Pravalt, the owner, is 3 multiple choice options
out of town. Rather than displease his customers, Roscoe
went next door to the grocery and purchased lemons.
This was an example of which type of authority?
, Upon termination of an agency relationship the principal Avoid the operation of apparent authority.
must take appropriate action to inform third parties that
3 multiple choice options
the relationship has terminated to
Martin, an agent with Cromley Insurance Company wrote Ratification.
a personal auto policy on a dump truck for James. Dump 3 multiple choice options
trucks are on the unacceptable list for personal auto
policies for Cromley. Cromley agrees to accept the
recent loss that James had in his dump truck. Cromley's
acceptance of the recent loss is an example of agency
by
When undisclosed principals are involved, their rights Greater burden on the third party
against third parties can be limited in four situations. 3 multiple choice options
Which one of the following is one of these situations?
Depending on the offense, a principal can sue an agent For breach of agency contract.
3 multiple choice options
Which one of the following is an example of an Jeter works as seamstress at Lo Suds Laundry. Jeter works when the laundry is
employee? open. Jeter's charges to customers for her sewing were handled by Lo Suds.
3 multiple choice options
In contract liability cases one of the questions to be What was the extent of the agent's authority?
answered in determining the parties' liabilities and rights 3 multiple choice options
includes
In a suit by a third party against an agent concerning a A third party failed to perform the contract.
contract entered into on a principal's behalf, which one of 3 multiple choice options
the following personal defenses can the agent set up as
though the agent were the sole contracting party?
Marty, a mover for Etchley's Moving and Storage, moved Apparent authority
the Appleton family to their new home. While moving the
3 multiple choice options
Appleton's 1850 pine hutch cabinet, Marty accidently
scratched the top. Although Etchley has a furniture repair
person on staff, Marty used his own furniture sander to
repair the scratch and damaged it further. The Appleton's
believed that Marty had the experience and the authority
to repair their hutch cabinet. What type of authority did
the Appleton's believe Marty had?
When Adam went to work for Stulford's Coffee Shop, he Express authority.
was given written instructions on how to brew its coffee 3 multiple choice options
including how much coffee and water to use in the coffee
makers. The authority demonstrated here was
Which one of the following scenarios was an Cathleen was a freelance columnist for the Mid News. She was paid by the article
independent contractor example? and set her own hours.
3 multiple choice options
