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Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss what is a premium a scheduled amount to be paid for an insurance policy. What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Ind...

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COSC 275 Exam 1 Palmer Questions and Answers fully solved 2023 Estimating: The process of determining the anticipated cost of materials, labor, and equipment of a proposed project. Take-off: The process in which detailed lists are compiled, based on drawings and specifications, of all the material and equipment necessary to construct a project. The cost estimator uses this list to calculate how much it will cost to build the project. Quantities: Measured amounts of construction...

appurtenance - correct answer -term used to describe rights, privileges or improvements that belong to and pass with the land improvements - correct answer -man's additions to the land such as building and landscaping personal property - correct answer -also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes personal property through severance. bill of sale - correct ans...

Promulgated Contract Forms Practice Test Questions With All Correct Answers Elements of a Valid and Enforceable Contract - CORRECT ANSWERS 1. Competent Parties 2. Offer and Acceptance (mutual consent) 3. Legal Purpose 4. In Writing 5. Consideration Valid Contract - CORRECT ANSWERS A contract that meets all the requirements of law. Void Contract - CORRECT ANSWERS A contract having no legal force or binding effect...

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Oregon Core Manual Addendum | updated 2023/24

CDT Exam Questions With Correct Answers 100% Solved Which of these documents, might we find in the Project Manual but they are not contract documents? (A) The Agreement (B) Procurement Documents (C) Addendum (D) Supplemental Conditions - answerAnswer: B Reference: PDPG 11.1.6 Explanation: Procurement requirements are addressed to prospective bidders or proposers interested in the project. Although not necessarily part of a contract, the procurement requirements are usually bound wit...