Bundle For CPCU 530 Exam Questions with Correct Answers

CPCU 530 Chapter 2 Exam Questions and Answers All Correct Contract - Answer-A legally enforceable agreement between two or more parties in which each party makes some promise to the other Promisor - Answer-The party to a contract making a promise Promisee - Answer-The party to a contract to w...

CPCU 530 Chapter 4 Test Questions with Correct Answers Statutes of Fraud - Answer-A collection of laws that help prevent parties from becoming involved in fraudulently formed contracts. COD (Collect on Delivery) - Answer-A shipping condition under which the buyer pays when the goods are delivere...

CPCU 530 Chapter 6 Exam Questions and Answers Tort - Answer-A wrongful act or an omission, other than a crime or a reach of contract, that invades a legally protected right Tortfeasor - Answer-A person or organization that has committed a tort Plaintiff - Answer-The person or entity who files a...

CPCU 530 Exam Questions and Answers All Correct Civil Law - Answer-Comprehensive codes of written laws or statutes that apply to all legal questions. These systems rely on scholarly interpretations of their codes and constitutions rather than on court decisions Common Law - Answer-Body of law ...

CPCU 530 Exam Questions with Correct Answers Which one of the following best describes equity courts in the United States federal judicial system? - Answer-Modern equity courts in the U.S. federal system are unified with courts of law. Judges, not juries, can use the broad powers of equity to cre...

CPCU 530 II Exam Questions with Correct Answers What is an insurance contract? - Answer-A contract where the policyholder pays premiums and the insurer promises to cover losses. What are the five main parts of a common insurance contract? - Answer-Declarations page, definitions section, insuri...

CPCU 530 Practice Exam Questions and Answers common stock - Answer-An ownership interest in a corp that gives stockholders certain rights and privileges, such as the right to vote on important matters and to receive dividends preferred stock - Answer-Stock that is generally nonvoting but that ha...

CPCU 530 Practice Test Questions with Correct Answers Which one of the following is the primary way that formal mediation differs from a pretrial settlement conference? - Answer-Formal mediation requires the parties to submit their dispute to an agreed-upon outside mediator, but the parties do not ...

CPCU 530 Test Questions with Correct Answers Bailor - Answer-The owner of the personal property in a bailment. Implied-in-law contract - Answer-An obligation that is not an actual contract but that is imposed by law because of the parties' conduct or some special relationship between them or ...