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CPCU 530 EXAM BANK (CHARTERED
PROPERTY CASUALTY UNDERWRITE
EXAM) LATEST 2025/2026 COMPLETE
ACTUAL EXAM ACCURATE QUESTIONS
AND CORRECT VERIFIED ANSWERS
(LATEST UPDATED VERSION)
|GUARANTEED PASS A+ (BRAND NEW!!)
FULL REVISED EXAM
for the extra two bushels and Hank refused to give her the apples
unless she paid for all six bushels. Which one of the following
statements is true?
Select one:
A. Hank breached the contract.
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B. There was no valid offer made and therefore no contract
between Hilda and Hank.
C. Hank and Hilda did not mutually assent to the terms of the
contract when it was formed.
D. There was no communication of intent to contract from Hank
to Hilda. ......answer.....A. Hank breached the contract.
Which one of the following most accurately describes the ability of
an offeror to revoke an offer made to an individual offeree?
Select one:
A. An offeror can revoke an offer any time before acceptance, but
the revocation is effective only when communicated to the offeree
and the offeree actually receives the communication.
B. An offeror can revoke an offer any time before acceptance, but
must do so through the same means of communication used in
making the original offer.
C. An offeror can revoke an offer either by expressly refusing to
abide by it or by making a new offer to the offeree.
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D. An offeror can revoke an offer by any reasonable means, at any
time before the offeree completes performance of the contract.
......answer.....A. An offeror can revoke an offer any time before
acceptance, but the revocation is effective only when
communicated to the offeree and the offeree actually receives the
communication.
Charlotte wanted a swimming pool built in her backyard, so she
asked various pool installers she knew to give her an estimate.
Only Emma replied, and the price she quoted to Charlotte was
much more than Charlotte wanted to pay. A party that asks for
offers
Select one:
A. Is free to accept or reject any offers that the party receives.
B. Is actually making an offer, and any reply to the request is an
acceptance of the original offer.
C. Must accept any reasonable offers that the party receives.
D. Must accept any offers that the party receives. ......answer.....A.
Is free to accept or reject any offers that the party receives.
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Juan's Accounting wants to upgrade its software program. It has
been working with Jane's Software Company to select the upgrades
that will meet its business needs and Juan's Accounting is ready to
make an offer. Which one of the following sets of elements must be
included to constitute a legal offer?
Select one:
A. Legal purpose, period of time the offer is valid, and acceptance
terms
B. Period of time the offer is valid, acceptance options, and intent
to contract
C. Intent to contract, definite terms, and communication to the
offeree
D. Legal purpose, definite terms, and options for the offeree
......answer.....C. Intent to contract, definite terms, and
communication to the offeree
Franklin says to Dorian: "I will sell you 15 dog collars in any color at
$10.00 each if you give me the money by Saturday." Which one of
the following statements constitutes an unconditional and
unequivocal acceptance by Dorian?
CPCU 530 EXAM BANK (CHARTERED
PROPERTY CASUALTY UNDERWRITE
EXAM) LATEST 2025/2026 COMPLETE
ACTUAL EXAM ACCURATE QUESTIONS
AND CORRECT VERIFIED ANSWERS
(LATEST UPDATED VERSION)
|GUARANTEED PASS A+ (BRAND NEW!!)
FULL REVISED EXAM
for the extra two bushels and Hank refused to give her the apples
unless she paid for all six bushels. Which one of the following
statements is true?
Select one:
A. Hank breached the contract.
,2|Page
B. There was no valid offer made and therefore no contract
between Hilda and Hank.
C. Hank and Hilda did not mutually assent to the terms of the
contract when it was formed.
D. There was no communication of intent to contract from Hank
to Hilda. ......answer.....A. Hank breached the contract.
Which one of the following most accurately describes the ability of
an offeror to revoke an offer made to an individual offeree?
Select one:
A. An offeror can revoke an offer any time before acceptance, but
the revocation is effective only when communicated to the offeree
and the offeree actually receives the communication.
B. An offeror can revoke an offer any time before acceptance, but
must do so through the same means of communication used in
making the original offer.
C. An offeror can revoke an offer either by expressly refusing to
abide by it or by making a new offer to the offeree.
,3|Page
D. An offeror can revoke an offer by any reasonable means, at any
time before the offeree completes performance of the contract.
......answer.....A. An offeror can revoke an offer any time before
acceptance, but the revocation is effective only when
communicated to the offeree and the offeree actually receives the
communication.
Charlotte wanted a swimming pool built in her backyard, so she
asked various pool installers she knew to give her an estimate.
Only Emma replied, and the price she quoted to Charlotte was
much more than Charlotte wanted to pay. A party that asks for
offers
Select one:
A. Is free to accept or reject any offers that the party receives.
B. Is actually making an offer, and any reply to the request is an
acceptance of the original offer.
C. Must accept any reasonable offers that the party receives.
D. Must accept any offers that the party receives. ......answer.....A.
Is free to accept or reject any offers that the party receives.
, 4|Page
Juan's Accounting wants to upgrade its software program. It has
been working with Jane's Software Company to select the upgrades
that will meet its business needs and Juan's Accounting is ready to
make an offer. Which one of the following sets of elements must be
included to constitute a legal offer?
Select one:
A. Legal purpose, period of time the offer is valid, and acceptance
terms
B. Period of time the offer is valid, acceptance options, and intent
to contract
C. Intent to contract, definite terms, and communication to the
offeree
D. Legal purpose, definite terms, and options for the offeree
......answer.....C. Intent to contract, definite terms, and
communication to the offeree
Franklin says to Dorian: "I will sell you 15 dog collars in any color at
$10.00 each if you give me the money by Saturday." Which one of
the following statements constitutes an unconditional and
unequivocal acceptance by Dorian?
