Personal property Study guides, Class notes & Summaries

A building had been vacant for 60 days, and the insurer didn't know about it, when it sustained 100K, 5K, and 1K losses due to windstorm, theft, and sprinkler leakage, respectively. What amount is covered under CPP? - 85K, 0, and 0. If a building is vacant for 60 or more consecutive days before the loss, they won't pay for any loss caused by vandalism, sprinkler leakage, building glass breakage, water damage, theft, or attempted theft... otherwise you'll only get 85% Various building de...

Question 1 Mr Nkosi, a retired attorney, owns a residential property in Pretoria. The Pienaars, own the house next to Mr Nkosi’s house. Mr Nkosi has a beautiful garden with very big Jacaranda trees. Although the Pienaars adore the trees, the branches are overhanging on their property. During the Spring season, hundreds of purple flowers end up falling on their lawn to make it look untidy. In summer the branches prevent their lawn from getting enough sunlight. There is also a very big Mar...

Transferring the risk to an insurance company is known as what? - Answer- Insurance When the insured request to have the company change a condition or provision in an insurance policy the document attach to the policy is referred to as what? - Answer- Endorsement George and Sandy only home which was damaged by fire who has insurable interest - Answer- George and Sandy What is the most common loss settlement valuation in the property policies? - Answer- Actual cash value The insurance...

New York Adjuster Exam Questions with 100% correct Answers 2023 The insured has moved into a dwelling that was being build and was covered by the "Dwelling under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? {{Correct Ans- 30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. {{Correct Ans- 30 day Personal property tha...

Well-structured IND2601 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). ... Question 1 Complete Marked out of 1.00 Question 2 Complete Marked out of 1.00 Question 3 Complete Marked out of 1.00 QUIZ Which of the following statements DOES NOT signify mangangaahla (to move the jaw) in sentencing under customary law? a. The amount of talking that the court offi cials need to do in order to convince a litigant of his gui...

Which of the following terms BEST describes personal property that, by its attachment to real property, is regarded as real estate? A. Emblements B. Personality C. Fixtures D. Appliances - Answer- C A salesperson who completes a written listing agreement with a seller is helping to create a contractual relationship between the: A. salesperson and the seller B. salesperson and the buyer C. salesperson and the listing broker D. salesperson's broker and the selle...

This document contains workings, explanations and solutions to the HFL1501 Assignment 3 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4...... Question 1 Not yet answered Marked out of 1.00 QUIZ Which one of the following statements regarding legal subjects is not correct? Under modern South African law, natural persons, juristic persons and organs of state are all legal subjects. A legal subject is a person who is bound by the laws that apply to the...

Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests on working out thei...

TAX3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (798141) - DUE 19 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9......... QUESTION 1 (40 marks, 72 minutes) Crystal (Pty) Ltd (“Crystal”) is a South African resident company with a 31 March financial year end. The company is a leading manufacturer and distributor of float glass, laminated glass, and various mirror products to customers in and outside South Africa. Cry...

State the function and purpose of civil process. - Primary function: 1. Giving notice 2. preserving the status quo. 3. Providing remedies for parties. 4. Enforcing decisions of the courts. State the purpose of civil process - Civil actions, there is no arrest or issued citation. Non- criminal actions, there must be a way to notify the defendant that claims that have been alleged against them by the plaintiff and what the must do to respond. State how to access the North Carolina administra...