Bailee for hire - Study guides, Class notes & Summaries

CAIB 2 Chapter 5 Practice Test 1 Questions and Answers (2024/2025)(Verified Answers) Define Bailee for Hire. Person or organization who has temporary custody of the personal property of another for a purpose other than sale and who is compensated as a condition of such custody Identify three types of Bailees and provide an example of each. i) Repair of personal property example: Television repair shop ii) Storage of personal property example: Public storage warehouse iii) Delivery o...

appraisal a professional assessment to determine extent of damage financial responsibility proof that one can pay for damages caused, often fulfilled by purchasing insurance lessor a person granting a lease of a motor vehicle livery the transporting of people of things for hire mutually exclusive when something cannot occur simultaneously with something else private passenger vehicle an automobile used for private needs rather than for business uses ...

Define Loading - ANSWERAdditional rate charged over and above the fire rate. Define common carrier - ANSWERIncludes airline, railroads, trucking companies, and others that furnish transportation to any member of the public seeking their services. Define "Bailee for Hire" - ANSWEROne who has temporary custody of the personal property of another for a purpose other than sale and who is compensated as a condition of such custody. Define discovery period. - ANSWERTime permitted by an insu...

©SOPHIABENNET@2024/2025 Tuesday, August 20, 2024 10:21 AM 3 What is the effect of a defendant's mental ability on the standard of care? - Answer️️ -The defendant is held to the standard of a reasonable person under the same circumstances. A person's mental deficiency is not a defense. What duty of care is owed by a bailor? - Answer️️ -On gratuitous bailments, the bailor must notify the bailee of any known defect in the chattel that may cause injury (no duty for unknown defects...

Fundamentals of Insurance Exam Prep Questions with 100% Correct Answers | Latest Version 2024 | Verified Three Main Categories of Risk - 1) Personal Risk 2)Property Risk 3)Liability Risk What are the FIVE elements of a contract? A) Agreement, Risk, Loss, Consideration, Legality B) Legal Capacity, Legality of Object, Consideration, Agreement, Genuine Intention C) Agreement, Legal Capacity, Risk, Loss, Consideration. D) None of the above - B) Legal Capacity, Legality of O...

Define Loading Additional rate charged over and above the fire rate. Define common carrier Includes airline, railroads, trucking companies, and others that furnish transportation to any member of the public seeking their services. Define "Bailee for Hire" One who has temporary custody of the personal property of another for a purpose other than sale and who is compensated as a condition of such custody. Define discovery period. Time permitted by an insurer, commencing with the expiry da...

CAIB 2 Chapter 5 Practice Test 1 Questions and Answers (2024/2025)(Verified Answers) Define Bailee for Hire. Person or organization who has temporary custody of the personal property of another for a purpose other than sale and who is compensated as a condition of such custody Identify three types of Bailees and provide an example of each. i) Repair of personal property example: Television repair shop ii) Storage of personal property example: Public storage warehouse iii) Delivery o...

Define Loading - ANSWER-Additional rate charged over and above the fire rate. Define common carrier - ANSWER-Includes airline, railroads, trucking companies, and others that furnish transportation to any member of the public seeking their services. Define "Bailee for Hire" - ANSWER-One who has temporary custody of the personal property of another for a purpose other than sale and who is compensated as a condition of such custody. Define discovery period. - ANSWER-Time permitted by an ...

Fundamentals Of Insurance - Practice Questions With 100% Correct Answers 2024 Three Main Categories Of Risk - answer1) Personal Risk 2)Property Risk 3)Liability Risk What are the FIVE elements of a contract? A) Agreement, Risk, Loss, Consideration, Legality B) Legal Capacity, Legality of Object, Consideration, Agreement, Genuine Intention C) Agreement, Legal Capacity, Risk, Loss, Consideration. D) None of the above - answerB) Legal Capacity, Legality of Object, Consideration, Agreement...

Define Bailee for Hire. - Person or organization who has temporary custody of the personal property of another for a purpose other than sale and who is compensated as a condition of such custody Identify three types of Bailees and provide an example of each. - i) Repair of personal property example: Television repair shop ii) Storage of personal property example: Public storage warehouse iii) Delivery of personal property example: Courier service Define Ordinary Care. - Requirement to t...