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NALA Paralegal Certification Torts Final Exam Questions & Answers 2024/2025 $8.49   Add to cart

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NALA Paralegal Certification Torts Final Exam Questions & Answers 2024/2025

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NALA Paralegal Certification Torts Final Exam Questions & Answers 2024/2025 open peril group - ANSWERSeverything except whats listed closed peril group - ANSWERSonly whats listed rule of 72 - ANSWERSdivide a number by 72, thats how many yrs it would take for that number to double in valu...

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  • September 30, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • NALA Paralegal Certification Torts
  • NALA Paralegal Certification Torts
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NALA Paralegal Certification Torts Final
Exam Questions & Answers 2024/2025

open peril group - ANSWERSeverything except whats listed



closed peril group - ANSWERSonly whats listed



rule of 72 - ANSWERSdivide a number by 72, thats how many yrs it would take for that number to double
in value



english rule for attorney fees - ANSWERSthe party who loses the trial must pay both parties' attorney
fees and other legal expenses



american rule for attorney fees - ANSWERSeach party pays for their own attorney fees and other legal
expenses



split limit coverage - ANSWERStraditional form of auto ins. divides limit of liability into 3 parts: limit for
each person, total limit, and limit for property damage.



single limit coverage - ANSWERSlimit for all liability no matter how it is apportioned



which is better - ANSWERSit depends on the incident



parts of an insurance policy - ANSWERSdeclarations

definitions

exclusions

insuring agreement

misc

, insurable interest - ANSWERSa risk of financial loss



when must an insurable interest exist in life ins - ANSWERSat the time the policy is taken out



when must an insurable interst exist in property casualty - ANSWERSyou must own the property and you
must have the insurance at time of the incident



compare/contrast torts and crimes - ANSWERSboth are wrongs, torts are wrongs against an individual,
crimes are wrongs against the public



parts of a homeowners ins policy - ANSWERSdwelling

other private structures

contents

additional living expense

personal injury

medical expenses to others



assault - ANSWERSto cause fear of imminent harm



battery - ANSWERSunconsented to or unprivileged touching of person's body



three different defenses for negligence - ANSWERScontributory negligence

comparative negligence

assumption of the risk



state used defenses for negligence - ANSWERSassumption of the risk

comparative negligence



does insurance law fall under the statute of frauds and why - ANSWERSyes, the items covered by ins k
are governed by the sof

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