Legality of object - Study guides, Class notes & Summaries

CAIB 1 PRACTICE QUESTIONS 2024 CAIB 1 PRACTICE QUESTIONS 2024 WITH GUARANTEED ACCURATE ANSWERS|VERIFIED Consideration is... a. The law of insurance b. A promise between parties c. A contract's binding force d. An exchange of something of value - Accurate Answerd. An exchange of something of value A stock company is... a. A company that invests in other companies b. A company owned by stockholders who provide the capital to start and run the company c. Is owned by cus...

Contract correct answers an agreement that is freely entered into and that is legally binding on all parties. Contract Requirements correct answers i. Agreement ii. Consideration iii. Capacity iv. Legality Agreement correct answers both, together, equate to an agreement consideration correct answers a legally sufficient bargained for exchange. insufficient are gift promises, moral obligations, past considerations, and illusory promises. capacity correct answers the legal ability...

NCCP Examination Study Guide Questions & Answers 2024 Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). Trust - ANSWER-Requirements- ...

NCCP Examination Study Guide Questions & Answers 2024 Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). Trust - ANSWER-Requirements- ...

NCCP Examination Study Guide Questions & Answers 2024 Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). Trust - ANSWER-Requirements- ...

FUNDAMENTALS OF INSURANCE BC EXAM 100% QUESTIONS AND ANSWERS RISK - ANSWERS IS THE CHANCE OF FINANCIAL LOSS PERIL - ANSWERS IS THE CAISE OF FINANCIAL LOSS FOR EXAMPLE- FIRE WATER AND EARTHQUAKE WHAT IS THE MAIN PURPOSE OF INSURANCE - ANSWERS IS TO ALLOW THE SPREAD OF RISK INDEMNITY - ANSWERS MEANS RESTORING THE INSUREDS TO THE SAM FINANCIAL POSITION AS THEY WERE IN IMMEDIATELY PRIOR TO THE LOSS. WHOSE OPTION IS TO OF HOW THEY WANT TO SETTLE A CLAIM? - ANSWERS THE INSURER INSURA...

NCCP Examination Study Guide Questions & Answers 2024 Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). Trust - ANSWER-Requirements- ...

NCCP Examination Study Guide Questions & Answers 2024 Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). Trust - ANSWER-Requirements- ...

Complete Test Bank for The Law and Business Administration in Canada, 15th Edition by J.E. Smyth, Dan Soberman, A J. Easson, Shelley McGill ; ISBN13: 9780136963547. (Full Chapters included Chapter 1 to 32)....1.Law, Society, and Business. 2.The Machinery of Justice. 3.Government Regulation of Business. 4.The Law of Torts. 5.Professional Liability The Legal Challenges. 6.Formation of a Contract Offer and Acceptance. 7.Formation of a Contract Consideration and Intention. 8.Formation of a Contract ...

Three Main Categories Of Risk - Anawer1) 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 - AnawerB) Legal Capacity, Legality of Object, Consideration, Agreement, Genuine Intention What is needed for an agreement to exist? - Anaw...