Cpcu 530 exam review - Study guides, Class notes & Summaries

CPCU 530 2023 Exam Questions and Answers All Correct Doctrine of stare decisis - Answer-The principle that lower courts must follow precedents set by higher courts. Equity - Answer-Fairness, or a body of principles constituting what is fair and right. Criminal law - Answer-The branch of the law that imposes penalties for wrongs against society. Civil Law - Answer-A classification of law that applies to legal matters not governed by criminal law and that protect rights and provides rem...

Executory Contract An insurance policy is an example of an executory contract. The insurers prmose to perform is an executory promise conditional on a covered loss. Condition Precedent Event must occur before a duty of performance arises in a contract. (e.g. Horse Eye Disease) "Knowling Made" This element of the four-part fraud requirement differentiates fraud from innocent misrepresentation. Communicating Offer Llanguage is important factor in an offer (words of promise). Prioriti...

CPCU 530 2023 Exam Questions and Answers All Correct Doctrine of stare decisis - Answer-The principle that lower courts must follow precedents set by higher courts. Equity - Answer-Fairness, or a body of principles constituting what is fair and right. Criminal law - Answer-The branch of the law that imposes penalties for wrongs against society. Civil Law - Answer-A classification of law that applies to legal matters not governed by criminal law and that protect rights and provides reme...

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 derived from court decisions as opposed to statutes or constitutions. Doctrine of Stare Decisis - Answer-Principle that lower courts must follow precedents set by higher courts Substantive Law -...

CPCU 530 2023 Exam Questions and Answers All Correct Doctrine of stare decisis - Answer-The principle that lower courts must follow precedents set by higher courts. Equity - Answer-Fairness, or a body of principles constituting what is fair and right. Criminal law - Answer-The branch of the law that imposes penalties for wrongs against society. Civil Law - Answer-A classification of law that applies to legal matters not governed by criminal law and that protect rights and provides rem...

CPCU 530 EXAM QUESTIONS AND ANSWERS 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 derived from court decisions as opposed to statutes or constitutions. Doctrine of Stare Decisis - ANSWER- Principle that lower courts must follow precedents set by higher courts Substantive Law - ANSWER- ...