Caib 4 practice exam - Study guides, Class notes & Summaries

CAIB 3 Practice Exam Questions and Answers 100% Pass What is the name given to the collection of written decisions? - Answer- Case Law Explain the concept of the Rule of Precedent. - Answer- Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Answer- Compensation in money for the loss or damage su...

CAIB 1 Practice Exam Questios with 100% 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 - 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 customers of the company d. A company that owns livestock - answerb. A compan...

CAIB 3 Practice Exam Questions with Complete Solutions 100% Verified Answers What is the name given to the collection of written decisions? - Correct Answer Case Law Explain the concept of the Rule of Precedent. - Correct Answer Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Correct Answer Co...

CAIB 3 Practice Exam Questions With 100% Correct Answers What is the name given to the collection of written decisions? - answerCase Law Explain the concept of the Rule of Precedent. - answerCurrent court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - answerCompensation in money for the loss or damage suff...

Practice Exam for CAIB 1 with Verified Answers Graded A+ 1. Insurers are in the business of assuming the financial risks of others which involves entering into a formal contract. A contract is enforceable at law only when all legal elements have been observed. Insurance contracts differ from other formal agreements and are subject to what three additional elements? 2. Explain the meaning and disadvantage of the follow- ing approaches: Avoidance of Risk & Control of Risk 3. Identify the ...

CAIB 3 Practice Exam Questions with Correct Answers What is the name given to the collection of written decisions? - Answer-Case Law Explain the concept of the Rule of Precedent. - Answer-Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Answer-Compensation in money for the loss or damage suffe...

CAIB 3 Practice Exam Questions with Correct Answers What is the name given to the collection of written decisions? - Answer-Case Law Explain the concept of the Rule of Precedent. - Answer-Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Answer-Compensation in money for the loss or damage s...

CAIB 3 Practice Exam Questions and Answers All Correct What is the name given to the collection of written decisions? - Answer-Case Law Explain the concept of the Rule of Precedent. - Answer-Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Answer-Compensation in money for the loss or damage su...

CAIB 3 Practice Exam Questions and Answers 100% Pass What is the name given to the collection of written decisions? - Answer- Case Law Explain the concept of the Rule of Precedent. - Answer- Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Answer- Compensation in money for the loss or damage su...