Caib 1 practice questions Study guides, Class notes & Summaries

CAIB 1 Practice Questions (100) with Correct Answers Consideration is... a. The law of insurance b. A promise between parties c. A contract's binding force d. An exchange of something of value - Answer- d. An exchange of something of value A stock company is... a. A company that invests in other companies b. A company owned by stockholders who provide the capital to start and run the company c. Is owned by customers of the company d. A company that owns livestock - Answer- b. A compa...

CAIB 1 CAIB 1 Practice Questions (100) And Answers Consideration is... a. The law of insurance b. A promise between parties c. A contract's binding force d. An exchange of something of value - ANS d. An exchange of something of value A stock company is... a. A company that invests in other companies b. A company owned by stockholders who provide the capital to start and run the company c. Is owned by customers of the company d. A company that owns livestock - ANS b...

CAIB 1 Practice Questions (100) with Correct Answers Consideration is... a. The law of insurance b. A promise between parties c. A contract's binding force d. An exchange of something of value - Answer- d. An exchange of something of value A stock company is... a. A company that invests in other companies b. A company owned by stockholders who provide the capital to start and run the company c. Is owned by customers of the company d. A company that owns livestock - Answer- b. A compa...

Consideration is... a. The law of insurance b. A promise between parties c. A contract's binding force d. An exchange of something of value d. An exchange of something of value A stock company is... a. A company that invests in other companies b. A company owned by stockholders who provide the capital to start and run the company c. Is owned by customers of the company d. A company that owns livestock b. A company owned by stockholders who provide the capital to start and...

CAIB 1 Practice Questions & Answers (100)

CAIB 1 PRACTICE QUESTIONS 2024 CAIB 1 PRACTICE QUESTIONS 2024 WITH GUARANTEED ACCURATE ANSWERS|VERIFIED Consideration is... a. The law of insurance b. A promise between parties c. A contract's binding force d. An exchange of something of value - Accurate Answerd. An exchange of something of value A stock company is... a. A company that invests in other companies b. A company owned by stockholders who provide the capital to start and run the company c. Is owned by cus...

3 elements of a tort - Answer-Duty owed, duty breached & damages resulted (proximately) A "building" is defined as... - Answer-a. Fixed structures b. Additions/extensions c. Permanent fittings d. Materials on premises for regular maintenance e. Growing plants inside the building for decoration A contract is only legally enforceable when it has all of these 3 elements - Answer-Insurable interest, utmost good faith, indemnity A legally enforceable agreement between 2 or more parties is...

CAIB 1 Practice Questions (100) Answered Correctly, To Score A+.

CAIB 1 Practice Questions (100) Questions and Answers (2024/2025)(Verified Answers)

CAIB 1 Practice Questions (100)