Offer and Acceptance Study guides, Class notes & Summaries

An Insurance company is the_____. correct answers Principle An insurance company issued a homeowners policy that included ambiguous language regarding how a loss was settled. The insured sued the insurance company and won. The judge stated that due to the ambiguous language in the contract the decision must be made in favor of the insured. The judge was basing this decision on which of the following types of insurance contract? correct answers Contract of adhesion The _____ page in an insu...

AD Banker Comprehensive Exam 2024 Questions and Answers A producer who is acting as an agent is representing: A The insured, the applicant and the beneficiary B Always the insured C The insured and the insurer D Always the insurer - Ans ️️ -D In order to be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as: A Restricted persons B Considerations C Competent parties D Agreement - Ans ️️ -C A com...

Areas of regulation for Intermediaries - Q-ualifaction (must pass test) O-peration of business (must follow requirements) L- Icences - Must have license L- icence Renewal - Renewed annual The Categories of insurance: - 1) Social -Workers Compensation 2) Life and Health Life, accident and sickness, and disability. 3) General property/casualty insurance Personal Property Boiler and Machinery Automobile Commercial property Crime Business interruption Liability Aviation Marine Inla...

MRL3701 INSOLVENCY LAW PAST EXAM PACK QUESTIONS AND ANSWERS SUMMARISED NOTES S - The study-notes marketplace MRL 3701 OCTOBER/NOVEMBER 2018 QUESTION 1 a) Inability to pay debts is, at most merely evidence of insolvency. (page 3) b) Brenda’s application for voluntary surrender must be set out the causes of her insolvency in some detail to enable the court to determine whether the application is ......................... c) Christopher commits an act of insolvency by depar...

GDL Contract Law Revision Notes(Distinction Level) 2023 GRADED A Contract Law Notes Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is acceptedby the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the offer....

QUESTION 1 Z hands over a written offer to sell his Rolex watch to X for R250 000. The offer is made to X only, and it sets out all the relevant terms for a contract of sale. Z signed the written offer as the seller. X and Y are best friends and they both sign the same document as buyers, as they want to purchase the watch jointly. X then hands the signed document to Z, who reads it. The next day Z finds a new purchaser (D) who immediately pays him R300 000 cash for the same watch. Z ac...

TEST BANK for Business Law: The Ethical, Global, and Digital Environment, 18th Edition By Jamie Darin Prenkert, A. James Barnes, Joshua Perry, Todd Haugh and Abbey Stemler ISBN13: 6892 . Comp lete Chapters 1-52. Part 1 Foundations of American Law 1 The Nature of Law 2 The Resolution of Private Disputes 3 Business and the Constitution 4 Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking Part 2 Crimes and Torts 5 Criminal Law and Procedure 6 Intentional T...

SHRM Talent Acquisition Exam 98 Questions with Verified Answers Applicants Per Opening - CORRECT ANSWER Gauges the job's popularity. A large number of applicants could indicate high demand for jobs in that particular area, or a job description that's too broad. # of Submitted Applicants / Per Opening - CORRECT ANSWER Applicants Per Opening Formula Application Completion Rate - CORRECT ANSWER Tracking this rate helps hiring managers optimize their recruitment process. Finding the right...

A contract may be based on a promise not to do something. (T/F) - True You return a lost dog to its owner. You did not know a reward was being offered for the dog. You do not have a legal right to the reward. (T/F) - True You leave your poodle at a new grooming shop and tell them to wash the dog⎯a $30 service. They do that and also paint the poodle's nails and tie ribbons in his hair⎯these services are an extra $10. You pay them for the wash. What about the extra $10 in services? a....

AD Banker Comprehensive Exam Questions & answers. Rated A. 2022/2023 John is the agent for ABC Insurance and Jane is the insured. Who is the principal in this agency relationship? A. ABC Insurance B. None C. John D. Jane - A. ABC Insurance In an insurance contract the value that each party gives the other is said to be the: A. Subject matter B. Consideration C. Acceptance D. Offer - B. Consideration Which of the following is classified as an insurance broker? A A person in t...