Excess representation - Study guides, Class notes & Summaries

What course of action does a party to a contract have if the other party is found to be in breach of that contract? - Answer-Damages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualifies as of the following? -an amendment -an expressed warranty -a policy provision -an implied warranty - Answer-implied warranty What does it mean if an agent's license is inactive? - Answer-the agent cannot transact any insurance business for which is valid, a...

A brokerage representing only a seller would consider a buyer as a _________ or a customer? - Third Party A buyer completes the purchase of a property, but shortly after taking possession discovers there is a latent defect to the land or improvements. Is the brokerage liable? - No. The brokerage should be indemnified as the buyer was required to make their own enquiries to confirm the condition of the property. This is an example of 'Duty of Indemnification'. Note: If the agent acts unla...

To assert right to self-representation, the defendant must ______________ waive the right to counsel. correct answer: knowingly and intelligently" When may a defendant not be able to "knowingly and intelligently" waive the right to counsel? correct answer: If defendant has a "severe mental illness." A felony is any criminal offense punishable by _________. correct answer: Death or incarceration for a period EXCEEDING one year A misdemeanor is any criminal offense punishable by _...

duty-based ethics - Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - Sells the optimal result for the greatest number of people Advisory note - Punishment for a technical breach Administrative penalty/ fine - One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authority Implication- advice outside of objective - These two ways of creating...

RECA Fundamentals Study Guide Exam Questions And Answers (Updated And Verified) Duty-based ethics - answerIndividual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - answerSells the optimal result for the greatest number of people Advisory note - answerPunishment for a technical breach Administrative penalty/ fine - answerOne or two potentially serious infraction would cause this punishment Ratification- acting without autho...

WV Insurance Exam Study Guide with Complete Solutions If insurance fails to notify the mortgage that the policy is canceled and there is a fire loss, what could the mortgage company collect? Up to the policy limit Which amount would be paid on a Total Loss Vehicle? Official Used Car Guide Amount Can an adjuster give legal advice? No A stolen vehicle is recovered with $1800 in damages to the vehicle. How much will be paid on the claim? Add up all permanently installed equipment a...

RECA fundamentals study guide questions and answers latest 2023duty-based ethics - correct answer Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - correct answer Sells the optimal result for the greatest number of people Advisory note - correct answer Punishment for a technical breach Administrative penalty/ fine - correct answer One or two potentially serious infraction would cause this punishment Ratification...

Solutions Manual for Advanced Accounting 15th Edition By Hoyle Full Chapters . Four methods are principally used to account for an investment in equity securities along with a fair value option. A. Fair value method: applied by an investor when only a small percentage of a company’s voting stock is held. 1. The investor recognizes income when the investee declares a dividend. 2. Portfolios are reported at fair value. If fair values are unavailable, investment is reported at cost. B. Cos...

RECA fundamentals study guide with complete solutions duty-based ethics -Answer-Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics -Answer-Sells the optimal result for the greatest number of people Advisory note -Answer-Punishment for a technical breach Administrative penalty/ fine -Answer-One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authori...

AMCA EKG QUESTIONS AND COMPLETE ANSWERS A heart rate below 60 is called: Atrial fibrillation has: Which patient education process lets you know that the teaching plan is working? Which of the following actions is helpful in assisting patients with their needs? What is used to mark the ECG paper? If a patient is said to be in asystole, the characteristics would be described as: Select the method of preparation for the patient that will ensure a successful ECG recording When ...