Cpcu 530 exam questions - Study guides, Class notes & Summaries

CPCU 530 Chapter 6 Exam Questions and Answers Tort - Answer-A wrongful act or an omission, other than a crime or a reach of contract, that invades a legally protected right Tortfeasor - Answer-A person or organization that has committed a tort Plaintiff - Answer-The person or entity who files a lawsuit and is named as a party Defendant - Answer-The party in a lawsuit against whom a complaint is filed Legal duty - Answer-An obligation imposed by law for the preservation of the legally ...

CPCU 530 Chapter 2 Exam Questions and Answers All Correct Contract - Answer-A legally enforceable agreement between two or more parties in which each party makes some promise to the other Promisor - Answer-The party to a contract making a promise Promisee - Answer-The party to a contract to whom a promise is made Privity of contract - Answer-The relationship that exists between the parties to a contract Third-party beneficiary - Answer-A person who is not a party to a contract but who ...

CPCU 530 Chapter 2 Exam Questions and Answers All Correct Contract - Answer-A legally enforceable agreement between two or more parties in which each party makes some promise to the other Promisor - Answer-The party to a contract making a promise Promisee - Answer-The party to a contract to whom a promise is made Privity of contract - Answer-The relationship that exists between the parties to a contract Third-party beneficiary - Answer-A person who is not a party to a contract but ...

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CPCU 530 Chapter 2 Exam Questions and Answers All Correct Contract - Answer-A legally enforceable agreement between two or more parties in which each party makes some promise to the other Promisor - Answer-The party to a contract making a promise Promisee - Answer-The party to a contract to whom a promise is made Privity of contract - Answer-The relationship that exists between the parties to a contract Third-party beneficiary - Answer-A person who is not a party to a contract but who ben...

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2024 CPCU 530 REAL EXAM WITH ALL QUESTIONS AND CORRECT DETAILED ANSWERS| CPCU 530 REAL EXAM (GUARANTEED PASS!!) Some contracts are voidable, and some agreements are void because they are not contracts. When a contract is voidable, the right of avoidance is available only to Select one: A. Parties in privity of the contract. B. The offeror of the contract. C. The offeree of the contract.I D. An innocent or injured party. - ANSWER-D. An innocent or injured party

CPCU 530 II Exam Questions with Correct Answers What is an insurance contract? - Answer-A contract where the policyholder pays premiums and the insurer promises to cover losses. What are the five main parts of a common insurance contract? - Answer-Declarations page, definitions section, insuring agreement, exclusions, and conditions. What information is included in the declarations page of an insurance contract? - Answer-Address of insured property, deductibles, description of insured ...