First party claim - Study guides, Class notes & Summaries

Insurance - Transfer of risk from one person or organization to an insurance company Indemnity - The principle to restore the insured to the pre-loss economic or financial condition. Law of Large numbers - Mathematical principle used by insurers to predict losses to charge the appropriate premiums Insurable Interest - Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty insurance Binder - Temporary insurance contr...

Well-structured PVL3702 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). .... 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, fearing for his life, signs the document. Which cause of ...

PVL3701 - Law Of Property PVL3701 EXAM PACK 2024 MCQ 1. Indicate the correct option. Which one of the following things can be regarded as a res nullius? (1) a domesticated tiger living in his owner‟s house (2) an impala roaming in the bushes (3) a Persian cat lying on the neighbor‟s patio (4) a springbok kept on a private game farm for hunting purposes ANSWER: Option 2 is correct. A res nullius is a thing which does not belong to anyone. All creatures that are wild by natu...

Which of the following statements is NOT TRUE regarding the "Extended Period of Indemnity" option of the Business Income form? - ANSWER-The coverage applies for 120 days following the period of restoration When a Hawaii employee sustains an injury requiring medical treatment beyond first aid, how long does the employer have to report the accident to the Director of Labor and Industry relations? - ANSWER-7 working days After paying a claim an insurance company may have the right to pursue...

MRL3701 INSOLVENCY LAW PAST EXAM PACK QUESTIONS AND ANSWERS SUMMARISED NOTES S - The study-notes marketplace MRL 3701 OCTOBER/NOVEMBER 2018 QUESTION 1 a) Inability to pay debts is, at most merely evidence of insolvency. (page 3) b) Brenda’s application for voluntary surrender must be set out the causes of her insolvency in some detail to enable the court to determine whether the application is ......................... c) Christopher commits an act of insolvency by depar...

discovery includes - interrogatories, requests for admission, requests for documents, subpoenas, depositions discovery rules - discovery is allowed regarding any matter that is relevant to the claim or defense of any party define a controlling precedent - a binding authority that requires a court to follow prior court decisions in its jurisdiction a party may appeal 4 things - a verdict, legal issue, motion, adverse court ruling a trial just by a judge is a - bench trial action of law/eq...

Question 1 Read the following scenario and answer the questions set out below: In 2011 the Constitutional Court heard the case of The Citizen 1978 (Pty) Ltd and Others v McBride (CCT 23/10) 2011 (4) SA 191 (CC). This was a defamation case brought by Robert McBride against the Citizen newspaper. He alleged that they had defamed him. The Newspaper believed that the comments were covered by freedom of expression. In the Course of his minority Judgment, Mogoeng J made the follo...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

AQA A-level HISTORY 7042/1C Component 1C The Tudors: England, Version: 1.0 Final IB/M/Jun23/E6 7042/1C A-level HISTORY Component 1C The Tudors: England, 1485–1603 Wednesday 24 May 2023 Morning Time allowed: 2 hours 30 minutes Materials For this paper you must have: • an AQA 16-page answer book. Instructions • Use black ink or black ball-point pen. • Write the information required on the front of your answer book. The Paper Reference is 7042/1C. • Answer three questi...

Question 1: Y and Z have reached an agreement where Y will offer to sell his leather couch to Z first before offering it to others. This agreement is indicative of a pre-emption right, where one party has the right of first refusal. Correct Answer: 2. Y and Z concluded a pre-emption contract. Question 2: X coerces Y into signing a contract for the sale of Y's car at an undervalued price. Given the circumstances of coercion and undue pressure, Y's most likely cause of action would b...