Who bears principal res - Study guides, Class notes & Summaries

PVL3702 Assignment 2 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references .............. Question 1 Answer saved Marked out of 1.00 Flag question Question text Gary points a loaded gun at Pete, and orders him to sign a written contract. Gary explains that the document is for the sale of Pete’s car to him (Gary), at a price of R50 000 which is far below the market value of the car. Pete, fearin...

New York State Property and Casualty Licensing Exam Questions and Answers Graded A+ Pro Rata Liability Clause is included in an insurance policy to deal with the problem of - Answer ️️ -Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. pro rata liability - Answer ️️ -...

During a storm, heavy winds cause a tree limb to break and fall onto Paul's house, causing $6,500 in damage. Paul's insurance company now considers his house: - Answer- A Loss Which of the following best describes a "risk," according to the insurance definition? - Answer- A potential for financial loss A lion at a zoo escaped when a zoo employee failed to follow protocol. The lion injured a zoo patron. In court, the injured patron's lawyer could invoke the doctrine of: - Answer- Res I...

SALES Sale, concept A contract whereby one of the contracting parties (known the seller or vendor), obligates himself to transfer the ownership of and to deliver a determinate thing, and the other party, (known as the buyer or vendee),obligates himself to pay therefor a price certain in money or its equivalent. (See Art. 1458) Elements of a contract of sale 1. Essential elements/requisites - Those without which a contract of sale would not exist. a. Consent of the contracting parties b. Subje...

New York State Property and Casualty Licensing Exam 2023 Pro Rata Liability Clause is included in an insurance policy to deal with the problem of - correct answer Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. pro rata liability - correct answer If a loss occurs that is ...

New York State Property and Casualty Licensing Exam, Questions with accurate answers. 100% verified. Rated A Document Content and Description Below New York State Property and Casualty Licensing Exam, Questions with accurate answers. 100% verified. Rated A Pro Rata Liability Clause is included in an insurance policy to deal with the problem of - Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each ins...

New York State Property and Casualty Licensing Exam correctly answered 2023Pro Rata Liability Clause is included in an insurance policy to deal with the problem of Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. pro rata liability If a loss occurs that is covered by more...