Exam (elaborations)
AIC 301 Exam Test Study With 100% Correct Ad Verified Answers
- Course
- Institution
AIC 301 Exam Test Study With 100% Correct Ad Verified Answers
[Show more]
Content preview
AIC 301 Exam Test Study With 100%Correct Ad Verified Answers
Market Share Liability - Correct Answer-Applies when a product
that has harmed a consumer cannot be traced to a single
manufacturer. They are liable unless they can prove they could
not have made the product involved.
A Defense to Fraud - Correct Answer-The defendant must make
the representation with the intent to influence the other party's
action. If the defendant did not intend to deceive, there is no proof
of fraud.
Community Property - Correct Answer-Under the community
property concept two types of property can belong to a spouse -
separate property as well as community property. Separate
property is the respective spouse's sole property and it is free
from the other spouse's interest or control.
Parole Evidence Rule (PER) - Correct Answer-The parole evidence
rule provides that oral evidence of agreements preceding or
accompanying a written insurance policy cannot be used to prove
a waiver. Thus, the agent's oral statements made at this time
would not be admitted into evidence and thus would be ineffective
as a waiver.
A provision that prevents the terms of a contract from being
modified by evidence of oral or other agreements after the
contract has been written.
Defenses to Tort Fraud - Correct Answer-The statement was not
false
Vendarsol
, The statement did not relate to a material fact
The defendant did not know the statement was false
The defendant did not intend to deceive
The plaintiff did not rely on the statements
The plaintiff suffered no harm or or loss because of relying on the
statement
A Constructive Eviction - Correct Answer-Actions or inactions of a
landlord that create conditions that prevent a tenant from enjoying
a substantial or integral part of the premise constitute a
constructive eviction.
Repudiation of a Contract - Correct Answer-repudiation of a
contract is the refusal to meet obligations under the contract, but
it must be positive and unequivocal to constitute a breach. A
statement of inability to perform in the future is not repudiation. A
person cannot sue for breach of contract until due date and
person has failed to complete the job.
Frustration of Purpose - Correct Answer-A rental contract is
useless to a person since the original purpose for the rental was
frustrated because the celebrity was not there. Frustration of
purpose can discharge a contract that is possible to perform,
when a supervening event destroys the propose or value of the
contract, provided that both parties are aware of that purpose or
value.
Direct Action Statutes
Vendarsol
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Vendarsol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82013 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now