Competent parties - Guías de estudio, Notas de estudios & Resúmenes

ADJUSTER PRO - INSURANCE ADJUSTER TEST STUDY GUIDE / QUESTIONS BANK / COMPLETE ACCURATE QUIZZES WITH VERIFIED ANSWERS / 2025. What is insurance? protection against financial loss what is a premium a scheduled amount to be paid for an insurance policy. What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy hol...

Nevada Life and Health License Exam Prep Questions with 100% Correct Answers What are the four required elements of an insurance contract? - Answer- Agreement, consideration, competent parties, and legal purpose. What two parts make up a life insurance application? - Answer- General Information and the Medical Information. An agent's report can go in a life insurance application but is not included in the life insurance policy. When must insurable interest exist in life insurance? - Answe...

RealEstateU- Texas Promulgated Contract Forms CHAMPIONS STUDY 2025 Questions with 100% Correct Answers Verified Latest Update The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and . (a) Default (b) Mutual consent (c) Property condition (d) Recording ANS B 2. A(n) contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been

Test Bank for Essentials of Business Law: 2024 Release Evergreen 11e 11th Edition by Anthony Liuzzo, Ruth Calhoun Hughes. Full chapters (Chap 1 to 38) test bank are included with complete answers. Latest edition 2024 PART 1: INTRODUCTION TO LAW 1 Our System of Law 2 Ethics and the Law 3 Criminal Law 4 Tort Law 5 Constitutional Law 6 Administrative Law PART 2: CONTRACTS 7 Introduction to Contracts 8 Offer and Acceptance 9 Mutual Agreement 10 Consideration 1...

Promulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% Accurate Void Contract -ANSWER-Invalid from the beginning and voidable contract is one that can't be enforced against one or more parties (minors are voidable at the option of the minor). Example of Void Contract -ANSWER-A ...

What do individuals use to transfer their risk of loss to a larger group? CORRECT ANSWER Insurance What are the four elements of an insurance contract? CORRECT ANSWER Agreement (Offer and Acceptance), Consideration, Competent parties, and legal purpose. In the agent/insurer relationship, who is considered the principal? CORRECT ANSWER Insurer Insurance contracts are aleatory in nature. What does that mean? CORRECT ANSWER Unequal values are exchanged between the parties to a contract. ...

Ohio Property and Casualty Exam Questions & Answers 2023-24 What do individuals use to transfer their risk of loss to a larger group? - ANSWER-Insurance What are the four elements of an insurance contract? - ANSWER-Agreement (Offer and Acceptance), Consideration, Competent parties, and legal purpose. In the agent/insurer relationship, who is considered the principal? - ANSWER-Insurer Insurance contracts are aleatory in nature. What does that mean? - ANSWER-Unequal values are exchan...

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

Mortuary Jurisprudence Final Question and answers 100% correct 2023/2024Forebearance - correct answer Refraining from doing something you have a lawful right to do 6 elements of an enforceable contract - correct answer 1. Agreement 2. Assent 3. Consideration 4. Lawful Purpose 5. Competent Parties 6. Form required by law Requirements of an o

State the function and purpose of civil process. - Primary function: 1. Giving notice 2. preserving the status quo. 3. Providing remedies for parties. 4. Enforcing decisions of the courts. State the purpose of civil process - Civil actions, there is no arrest or issued citation. Non- criminal actions, there must be a way to notify the defendant that claims that have been alleged against them by the plaintiff and what the must do to respond. State how to access the North Carolina administra...