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AIC 301 Simulated Exam Questions And Answers 100% Verified 2024/2025
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AIC 301 Simulated Exam Questions And Answers 100% Verified 2024/2025
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AIC 301 Simulated ExamA. Whether the events' goal turned into to cover property the brothers owned as partners,
property they owned in my view, or both.
Correct. Parol proof can establish whether or not the parties' goal was to cover property the
brothers owned as companions, assets they owned for my part, or each.
The Martin brothers, Larry and Kent, each personal a domestic and share ownership of tools,
gadget, and home furniture. They also have 3 automobiles, two of which can be owned with the
aid of Kent, and the 0.33 is owned jointly. Their belongings is covered underneath policies
issued by means of Insurance Company, and all guidelines confer with the outline of assets
insured as "assets of the Martin brothers." Since the insurance regulations are ambiguous as to
the property insured, parol evidence can set up
A. Whether the events' aim become to cover property the brothers owned as companions,
belongings they owned for my part, or both.
B. The distribution of the property.
C. Whether the coverage contract is valid due to its ambiguous wording.
D. Any illegality, fraud, or mistake concerned within the brothers' try and attain coverage
coverage.
D. And receive as damages the amount of the last rent bills.
Correct. Leon can also deal with Adam's deserted belongings as an anticipatory breach and get
hold of the quantity of the ultimate lease payments as damages. Constructive eviction happens
when actions or inactions of a landlord prevent the tenant from enjoying a tremendous or
indispensable a part of the premises. Leon keeps his rights as landlord and might lease the
property at will.
Tenant Adam defaulted on his hire payments to landlord Leon. Adam left town and deserted his
non-public belongings. Leon can deal with Adam's abandoned belongings as an anticipatory
breach
A. But Leon can't hire the belongings for as a minimum 90 days subsequent to the assets
abandonment.
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