Stipulated sum Study guides, Class notes & Summaries

Construction Contracts Test Questions with All Correct Answers Contract Types: Lump-Sum - Answer-contractors agrees to perform a stipulated job of work in exchange for a fixed sum of money extra costs are taken out of contractors pocket be sure and have contingency funds owners prefer Contract Types: Unit-Price - Answer-based on estimated quantities of defined items of work and costs per unit amount of each of these work items total sum of money paid to contractor for each work...

FIRAC correct answers Facts- the court will tell you the relevant facts. Your first paragraph in the paper should layout the facts. Write about it as if Ellis has never read the case. Issue- put in a question format. "is the defendant guilty of criminal negligence?" you cannot put all of your issues together, one issue at a time then list RAC then begin with a new issue Rule- law (case law, statute, agency rule, common law) Argument- analysis of facts with the law Conclusion- answer the i...

FE Exam Question and answers 2023 verified to pass Project Delivery Methods - correct answer - Design-Bid-Build - Design-Build - CM - Multiple Prime Contract Types - correct answer - lump sum - unit price - cost plus Liquidated damages - correct answer Contractually stipulated amount to be paid for particular breach of contract Bid bond - correct answer guarantee bidder will enter into contract with client if lowest bidder Performance bond - correct answer guaran...

WEBCE Prep Exam Life Insurance|Latest Update Graded A+ Risk Management using strategies to reduce the amount of risk Risk The chance of loss from an event that cannot be entirely controlled Pure risk The possibility of loss with no chance of gain. That which can result only in a loss to the person at risk. Speculative risk Chance of loss or gain loss unplanned reduction in economic value. can be either direct or indirect. Underwriting The process that determines i...

consequential damages - correct answerSpecial damages that compensate for a loss that is not direct or immediate (for example, lost profits). The special damages must have been reasonably foreseeable at the time the breach or injury occurred in order for the plaintiff to collect them. incidental damages - correct answerDamages that compensate for expenses directly incurred because of a breach of contract, such as those incurred to obtain performance from another source. liquiated damages -...

Xcel Texas Pre-licensing Education - Life and Health Insurance Insurance Glossary 1. Absolute assignment ️ Policy assignment under which the assignee (person to whom the policy is assigned) receives full control over the policy and also full rights to its benefits. Generally, when a policy is assigned to secure a debt, the owner retains all rights in the policy in excess of the debt, even though the assignment is absolute in form. (See assignment) 2. Accelerated benefits rider ...

OCT/NOV 2020 FIN2602 Personal Financial Management 70 Marks Duration 2 Hours First examiner: Nico Swart Second examiner: Me L Ngcobo This paper consists of 21 pages including one rough work sheet plus instructions for the completion of a mark reading sheet. Instructions: Use of a non-programmable pocket calculator is permissible. This examination question paper remains the property of Unisa. We remind you about your Honesty Declaration. Remember to submit your examinatio...

Design-Build - correct answer a method of project delivery in which one entity (design-builder) forges a single contract with the owner to provide for architectural engineering design services and construction services. Essential Concepts of Design-Build - correct answer Contractor & A/E have a direct contractual relationship Single point of responsibility contract controls Design Process Design-...

2024/2025 LAW RESA Corporation Exam - Questions with Verified Answers, A Grade As regards the corporate by laws, which of the following is false? A. To adopt majority of the outstanding capital stock is needed B. To delegate to the BOD the power to amend, repeal, or adopt new by-laws, 2/3 of the outstanding capital stock C. To revoke the power delegated to the board to amend, repeal, or adopt new by-laws, 2/3 of the outstanding capital stock D. To amend, repeal or adopt new by-laws, majority o...

Webce Insurance Test Questions With Answers - Latest 2023/2024 (Graded). Which one of the following best describes a policy that has a relatively low face amount and has premiums that are paid to an insurance agent who generally calls on the policyowner at home to collect them? group life insurance industrial life insurance ordinary term insurance ordinary whole life insurance - Answer- industrial life insurance Sylvia's insurer guarantees a fixed death benefit for the policy she owns. B...