Offeror vs offeree Study guides, Class notes & Summaries

BUL 4421 FINAL EXAM 2024

Webce Life and Health Questions and Answers 2023 Representations and Warranties Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The ________ department analyze...

Representations and Warranties - Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The ________ department analyzes data to help estimate future losses and to produ...

GDL Contract Law Revision Notes(Distinction Level) 2023 GRADED A Contract Law Notes Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is acceptedby the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the off...

Representations and Warranties - Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - Two related insurance company functions. Through the process of , applications are assessed for insurability and to assign premium rates. The department analyzes data to help estimate future losses and to produce rate tables. ...

WEBCE Life And Health | 281 Questions and Correct Solution 2024 Representations and Warranties - Answer -Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - Answer -Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. ...

Offer and Acceptance: MODULE 1 CONTRACT LAW: OFFER AND ACCEPTANCE lecture 1; Offer + Acceptance = Agreement Terminology; Offeror- person making the offer Offeree- person being made the offer Bilateral offer- both parties assum an obligation to each other Unilateral contract- one party makes an offer in terms which call for an act be performed by one or more other parties i.e. putting up a payment for return of lost pet Offer/ Acceptance + intention to create legal considerations + consi...

Chapter 1 - Answer- insurance - Answer- financial took that protects individual and organizations from unforeseen and extraordinary financial losses by transferring risk to another party insured - Answer- individual or organization that pays premiums in exchange for protection insurer - Answer- company, group, or government agency offering financial protection how does insurance work? - Answer- insured pays premium insurer promises to pay for specific losses if they occur insu...

GDL Contract Law Revision Notes(Distinction Level) 2023 GRADED A Contract Law Notes Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is acceptedby the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the off...

Webce Life and Health questions and answers 2023Representations and Warranties Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The ________ department analyzes ...