Warranty Study guides, Class notes & Summaries

All of the following are likely to contain a legal description of a parcel of real property EXCEPT a: Select one: a.Mortgage. b.Tax statement. c.Preliminary title report. d.Deed. - Answer- Tax statement. If a person dies intestate, the estate passes to the deceased person's heirs according to the: Select one: a.Federal escheat laws. b.State's statue of descent and distribution. c.Judgment of the executor. d.Deceased person's will. - Answer- State's statue of descent and dist...

The PT brings in their 4 year old high end digital signal processing hearing instrument because its not working at all. It is out of warranty. All of the source of the problem has not been found and the hearing instrument is still not working. At this point the hearing instrument specialist has no choice but to _______ A. recommend that they purchase a new set B. send it to an all-make repair facility C. send it to the manufacture for repair and refurbishment D. recommend medical referral - C. s...

A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - ANSWER b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will receive? A....

NAB Core Practice Exam 110 Questions 2024 1. Which one of the following steps should be taken first in a risk management program? A. Purchasing of adequate insurance B. Conducting of employee safety drills C. Identifying hazards and risks D. Conducting staff in-services on incident reporting and accident prevention. - ANSWER C. Identifying hazards and risks 2. Which of the following professionals is authorized to dispense medications? ...

Kentucky Life and Health Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update) QUESTION how many days do you have to send the claim forms for filing proof of loss Answer: 15 days QUESTION how long does the insurer have to pay claims Answer: 30 days QUESTION what happens if insurer does not pay claim within 30 days Answer: must pay 12% interest and can collect attorney fees incurred to collect claim ...

Insurance correct answer: Contract whereby one undertakes to indemnify another against loss, damage, or liabilty arising from a unknown event. Insurer correct answer: Any person capable of making a contract; subject to restrictions imposed by the CA insurance code. Speculative risk correct answer: Chance of loss and potential for gain. This risk is not insurable. Hazard correct answer: Increase the risk. Law of Large numbers correct answer: The more similar risks the better they...

Homes for All considers itself a nonprofit organization. In order for its employees to be exempt from the licensing requirements of the S.A.F.E. Act, each of the following must be true about Homes, except: A) It has tax-exempt status under the Internal Revenue Code B) Its employee compensation package does not encourage an employee to act in his or her own interests over that of his or her clients C) It promotes affordable housing D) It may engage in both nonprofit and for-profit activitie...

What is the name given to the collection of written decisions? - Answer- Case Law Explain the concept of the Rule of Precedent. - Answer- Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Answer- Compensation in money for the loss or damage suffered. Compensatory damages for bodily injury are ...

pre purchase correct answer: step in consumer buying process -consumer tries to determine how much pleasure/pain will be derived from a product or service; sometimes we pay for things that give us pain (tattoos) -Assessing need vs. want: decide what's needed and available -results when situations are recognized because people sense a discrepancy between their current and desired state -search for info: research product or service to comparison shop or to find out rules and regulations gov...

a lifting pad must be in place to lift a BMW vehicle, T or F? - correct answer True Under which section in TIS is the User Manual for the DEUTRONIC battery charger located? - correct answer Tools and Equipment Regarding BMW instrument cluster test function. Tech A states the cluster can be unlocked, and a test function can be used to display fuel level reading in liters. Tech B states current BMW instrument clusters are unlocked by using su...