Aic 301 Study guides, Class notes & Summaries

AIC 301 - final exam prep questions and answers

AIC 301 - FINAL EXAM PREP QUESTIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+AIC 301 - FINAL EXAM PREP QUESTIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

AIC 301 Quiz/Test Study WITH COMPLETE SOLUTION

AIC 301 - Final Exam Prep Questions And Answers 100% Verified The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine. - answerA. Negligent entrustment. There was a large unmarked sinkhole on Charlotte's property, a short distance from ...

AIC 301 Exam Questions With 100% Correct Answers Which one of the following statements correctly expresses a distinction between waiver and estoppel? A. Only waiver prevents an insurer from reviving a defense it has forfeited earlier. B. The parol evidence rule applies to estoppel, but not to waiver. C. Estoppel is contractual in nature, but waiver is equitable in nature. D. Estoppel requires resulting injury or detriment by the party asserting it. - answerD. Estoppel requires resulting ...

AIC 301 - Final Exam Prep Actual Set Questions & Revised Correct Answers 1. The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine. - ANSWER : A. Negligent entrustment. 2. There was a large unmarked sinkhole on Charlotte's pr...

AIC 301 2024 Exam Questions and Answers All Correct .What are the elements of a legally binding contract? - Answer-To be legally binding, contracts must: • Contain an agreement between all parties • Involve parties with the legal capacity to contract • Contain mutual assent • Involve consideration • Have a legal purpose • Be in the form prescribed by law What are the similarities and differences between bilateral and unilateral contracts? - Answer-In bilateral cont...

AIC 301 - FINAL EXAM PREP EXAM QUESTIONS & ANSWERS (VERIFIED) LATEST UPDATE GRADED A+ 1. The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine.:ANS: A. Negligent entrustment. 2. There was a large unmarked sinkhole on Charlotte's prope...

AIC 301 4, 5, 6 Test Exam Questions Marking Scheme Proximate cause - Answer -A cause that, in a natural and continuous sequence unbroken by any new and independent cause, produces an event and without which the event would not have happened. Negligence - Answer -The failure to exercise the degree of care that a reasonable person in a similar situation would exercise to avoid harming others. Tort - Answer -A wrongful act or an omission, other than a crime or a breach of contract, that in...

AIC 301 Test Exam Questions Marking Scheme A legally enforceable agreement between two or more parties. - Answer -contract The party to a contract making a promise. - Answer -Promisor The party to a contract to whom a promise is made. - Answer -Promisee The relationship that exists between the parties to a contract. - Answer -Privity of contract A person who is not a party to a contract but who benefits from it and has a legal right to enforce the contract if it is breached by eit...