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CPCU 530 Test questions with complete solutions 2024_2025.
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CPCU 530 Test questions with complete solutions 2024_2025.
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CPCU 530 Test questions with completesolutions 2024/2025
True - ANSWER--If the jurisdiction of the federal courts is based on diversity of
citizenship, the subject matter of the dispute may be which state's law applies
Judicial Branch - ANSWER--is charged with deciding if another branch of
government has the power to enact a new law
Complaint - ANSWER--This must include a requested remedy
Rulemaking function of administrative agencys - ANSWER--A public hearing is
required if request by a government agency or 25 interested individuals
Investigative Function of administrative agencys - ANSWER--receive the power to
use subpoenas from legislation
Contracts - ANSWER-these may be illegal for the following reasons:
---are contray to constitutional law
---are contrary to statutory law
---are contrary to case law
---are against public law
---contrary to tort law is not a thing
Exculpatory Clause - ANSWER--These are typically unenforceable when the
complaining party has a bargaining disadvantage
Frustration of purpose - ANSWER--occurs when an unforeseen event undermines
a party's principal purpose for entering into a contract, and both parties knew of
this principal purpose at the time the contract was made
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