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CPCU 530 Test Questions and Correct Answers the Latest Update
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CPCU 530 Test Questions and Correct Answers the Latest Update
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CPCU 530 Test Questions and
Correct Answers the Latest Update
-If the jurisdiction of the federal courts is based on diversity of citizenship, the
subject matter of the dispute may be which state's law applies
✓ True
-is charged with deciding if another branch of government has the power to
enact a new law
✓ Judical Branch
-This must include a requested remedy
✓ Complaint
-A public hearing is required if request by a government agency or 25 interested
individuals
✓ Rulemaking function of administrative agencys
-receive the power to use subpoenas from legislation
✓ Investigative Function of administrative agencys
these may be illegal for the following reasons:
---are contray to constitutional law
---are contrary to statutory law
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---are contrary to case law
---are against public law
---contrary to tort law is not a thing
✓ Contracts
-These are typically unenforceable when the complaining party has a bargaining
disadvantage
✓ Exculpatory Clause
-occurs when an unforeseen event undermines a party's principal purpose for
entering into a contract, and both parties knew of this principal purpose at the
time the contract was made
✓ Frustration of purpose
-this only applies to bi-lateral contracts
✓ Anticipatory breach
-a minor breach of contract may temporarily suspend a duty of performance for
these people
✓ nonbreaching party
-One type of consideration is a binding promise
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