Busfin - Study guides, Class notes & Summaries

BUSFIN 3220 EXAM LATEST UPDATE...

Principle of Indemnity Correct Answer-the insurer agrees to pay no more than the amount of the loss; the insured should not profit from the loss Actual Cash Value Correct Answer-replacement cost less depreciation Fair Market Value Correct Answer-the price a willing buyer would pay a willing seller in a free market Broad Evidence Rule Correct Answer-the determination of actual cash value should include all relevant factors an expert would use to determine the value of the property Val...

Busfin 3500 Final Exam Questions With Correct Answers

BUSFIN 3220 EXAM 1 WITH QUESTIONS AND ANSWERS...

BUSFIN 3300 Midterm 2 Questions with Correct Answers

BUSFIN 3220; CAPTER 5 EXAM LATEST UPDATE...

BUSFIN 3500 Final Exam | Questions and Answers Contract promise or set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty Contract Law falls under what jurisdiction State Elements of a Contract Agreement Consideration Legal Capacity Legal Object Agreement consists of an offer by one party to enter into a contract an acceptance of the terms by the other party Consideration the bargained-for exchange for his or her promis...

BUSFIN 3220 MIDTERM PREP EXAM...

BUSFIN 3500 Midterm Exam | Questions with 100% Correct Answers Sources of Law Federal -US constitution -federal statutes, executive orders, treaties -rulings of federal agencies -federal court decisions State -State constitution -state statutes, executive orders, treaties -state rulings of federal agencies -state court decisions Local -ordinances -rulings of local agencies Private -contracts -company rules -business traditions Supremacy Clause -states that the federal constitution, laws made ...