Implied contract term - Study guides, Class notes & Summaries
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COL3704- Study Guide
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© 2020 University of South Africa 
All rights reserved 
Printed and published by the 
University of South Africa 
Muckleneuk, Pretoria 
COL3704/501/3/2021 
 
Downloaded by jeremy ziegelaar () 
lOMoARcPSD| 
CONTENTS 
1. INTRODUCTION .......................................................................................................................... ix 
2. PRESCRIBED READING MATERIAL .......................................................................................... ix 
2.1 Section A:...
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Texas Life and Health Insurance Exam With Verified Answers
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What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Answer Treaty 
 
The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - Answer reserves 
 
When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have - Answer insurable interest 
 
Statements made on an insurance application that are bel...
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FLORIDA INSURANCE 2-14 Insurance License Exam Questions and Answers with Complete Solutions
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401K Plan - A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollards 
Absolute Assigment vs. Collateral Asssigment - Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. 
Collateral: A temporary and/or revocable transfer of benefits by the policyowner. 
Accelerated Death Benefit - Policy provision that allows full or partial payment of the policy's death benefit before the insured's death if he/she i...
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Primerica Practice Exam Test A 75 Questions & Answers 2023
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Primerica Practice Exam Test A 75 Questions & 
Answers 2023 
1. An annuity that is purchased with a lump sum premium and whose benefits begin 
after 12 months is called a: 
A. Single premium immediate annuity. 
B. Single premium deferred annuity. 
C. Level premium variable annuity. 
D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 
2. A technique used to determine the amount of life insurance needed by focusing on 
the projected earning potential of an insured ...
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED 
In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% 
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act 
What happens to trade fixtures after a business moves out of a leased property? The tenant remo...
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EOPA Study Guide with verified answers
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EOPA Study Guide1. Which of the following terms describes a minor term in a contract for the sale of goods? 
 
a) warranty 
b) innominate term 
c) implied term 
d) condition - correct answer A) Warranty 
 
2. What type of corporation may be owned by just a few people and does not offer its shares for sale to the general public? 
 
A. Private 
B. General 
C. Public 
D. Limited - correct answer A) Private 
 
3. Which of the following is a true statement about B2B (business-to-business) marketing: ...
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MIE 305 Final Exam Latest Update with Verified Solutions
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MIE 305 Final Exam Latest Update with 
 
Verified Solutions 
 
Contract a promise or set of promises supported by the exchange of bargained-for 
consideration for the breach of which the law gives a remedy, or the performance of which the 
law recognizes as an enforceable duty. "a promise or set of promises that are enforceable in 
court." primarily state based common law 
 
contract elements -Agreement: the parties agree to the exchange of legal detriment as to each 
other 
-Bargained-for con...
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ETS MFT BUSINESS EXAM | Answered Correctly! Summer 2022-23.
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ETS MFT BUSINESS EXAM 
 
The principal difference between variable costing and absorption costing centers on: 
 
a) whether variable manufacturing costs should be included as product costs 
 
b) whether fixed manufacturing costs should be included as product costs 
 
c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs 
 
d) none of these. 
 
General Bikes is debating which marketing research options to employ. The traditional p...
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LIFE PRODUCER EXAM STUDY SET BASED OF PROMETRIC OUTLINE LATEST UPDATED
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Types of Licenses - ANSWER--Producers 
-Business entity producers 
-Nonresident producers 
-Temporary 
-Special Brokers 
-Advisers 
-Public insurance adjusters 
-Reinsurance Adjusters 
-Life settlement broker 
portable electronics insurance limited lines insurance 
 
Producers - ANSWER-is a general term applied to anyone who engages in the sale of insurance products. Producers must be licensed by the state in which they wish to sell insurance. 
 
Business entity producer - ANSWER-A requirement f...
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PRIMERICA LIFE INSURANCE EXAM. All Most Examined Questions Bank with answers. 100% verified. Rated A.
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PRIMERICA LIFE INSURANCE EXAM. All Most Examined Questions Bank with answers. 100% verified. Rated A. 
 
 
 
An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? 
 
a. mutual 
b. reciprocal 
c. nonprofit service organization 
d. stock - A. mutual 
 
funds not paid out after paying claims ...
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