Fiduciary rule - Study guides, Class notes & Summaries

MRL2601 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED ANSWERS - DISTINCTION GUARANTEED!) QUESTION 1 1.1 With reference to relevant legislation and case law, explain the legal consequences of the recognition of a company’s separate legal personality. (10) 1.2 Name the different types of companies that are provided for in the Companies Act 71 of 2008. (5) 1.3 Vela is a shareholder of Impala Ltd. The next annual general meeting will be held on 13 November 2023. Unfo...

Illinois Life & Health Insurance Exam Questions and Answers with Verified Solutions Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses Accidental death benefits a policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death accidental death insurance an insurance policy that provides payment if the insureds death is th...

New York Life Insurance Questions and Answers Already Passed Accelerated Benefits Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance An insurance policy that provides payment if the insured's death is the result of an acc...

Civil Law correct answers Regulates the rights and duties between parties Agent correct answers A person who acts for someone else Bilateral Contract correct answers A promise made in exchange for another promise Common Law correct answers Judge-made law Law made when judges decide cases and then follow those decisions in later cases Predictability and flexibility are the most important goals Still predominates in contract law, agency law, and tort law Contract correct answers A l...

CRPC Practice Exam 2 EXAM LATEST 2024- 2025 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ Which one of the following cannot achieve the estate planning goal of providing for incapacity? A) trust B) disability insurance C) durable power of attorney D) will - CORRECT ANSWER --D A durable power of attorney and a trust can be used to manage the financial affairs of an incompetent person. Disability insurance can be used to replace income when...

full summary for Comparative Corporate Law. It has all the case law discussed in the seminars as well as the lecture (which are given in the syllabus). This summary is a combination of both the lecture and seminars.

insurance - Answer-contract whereby one undertakes to idemnify [restore before loss] another against loss, damage, liability from contingency [unknown/ unplanned events] indemnify Give Example. - Answer-restore person to some financial position before loss has occurred to make someone whole EX: If someone passes, that lost of income is covered by life insurance (percentage of what is covered depends on plan of insurance purchased before incident) contingency - Answer-unknown/ unplanned ev...

M100 Community Association Management Exam Questions with 100% Verified Answers. Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain docu...

ERISA (Employee Retirement Income Security Act of 1974) - - regulates the retirement plan industry - defines who is a fiduciary - fiduciaries must meet a standard of conduct - protects interests of participants - provides participants with plan information - government reporting - civil enforcement provisions IRC 3(21)(A) - a person is a fiduciary with respect to a plan to the extent the person exercises discretion or renders investment advice for a fee The Exclusive Purpose Rule - a...

Agency Def: Relationship authorizing one party (the agent) to act for and on behalf of the other party (the principal). Agency = Principal AND Agent Formation of the Agency Relationship Consensual Agreement. -Formed through express consent (oral or written) -Equal Dignity Rule. Some states: if law requires written contract, Agent's authority must be in writing. (example: land sales contract) Agency is a "fiduciary" relationship based on trust and confidence. No consideration requi...