AIC 301 Quiz Test Study Exam Questions And Answers.
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Course
AIC 301
Institution
AIC 301
AIC 301 Quiz Test Study Exam Questions And Answers.AIC 301 Quiz Test Study Exam Questions And Answers.AIC 301 Quiz Test Study Exam Questions And Answers.AIC 301 Quiz Test Study Exam Questions And Answers.AIC 301 Quiz Test Study Exam Questions And Answers.AIC 301 Quiz Test Study Exam Questions And A...
AIC 301 Quiz/Test Study Exam Questions And
Answers
Market Share Liability - (correct answer) -Applies when a product
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that has harmed a consumer cannot be traced to a single
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manufacturer. They are liable unless they can prove they could
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not have made the product involved.
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A Defense to Fraud - (correct answer) -The defendant must make
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the representation with the intent to influence the other party's
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action. If the defendant did not intend to deceive, there is no
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proof of fraud.
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Community Property - (correct answer) -Under the community hi hi hi hi hi hi hi
property concept two types of property can belong to a spouse -
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separate property as well as community property. Separate
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property is the respective spouse's sole property and it is free
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from the other spouse's interest or control.
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Parole Evidence Rule (PER) - (correct answer) -The parole evidence
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rule provides that oral evidence of agreements preceding or
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accompanying a written insurance policy cannot be used to prove
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a waiver. Thus, the agent's oral statements made at this time
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would not be admitted into evidence and thus would be
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ineffective as a waiver.
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A provision that prevents the terms of a contract from being
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modified by evidence of oral or other agreements after the
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contract has been written.
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Defenses to Tort Fraud - (correct answer) -The statement was not
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false
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The statement did not relate to a material fact
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, The defendant did not know the statement was false
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The defendant did not intend to deceive
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The plaintiff did not rely on the statements
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The plaintiff suffered no harm or or loss because of relying on the
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statement
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A Constructive Eviction - (correct answer) -Actions or inactions of a
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landlord that create conditions that prevent a tenant from
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enjoying a substantial or integral part of the premise constitute a
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constructive eviction.
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Repudiation of a Contract - (correct answer) -repudiation of a hi hi hi hi hi hi hi hi hi
contract is the refusal to meet obligations under the contract, but
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it must be positive and unequivocal to constitute a breach. A
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statement of inability to perform in the future is not repudiation.
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A person cannot sue for breach of contract until due date and
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person has failed to complete the job.
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Frustration of Purpose - (correct answer) -A rental contract is hi hi hi hi hi hi hi hi hi
useless to a person since the original purpose for the rental was
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frustrated because the celebrity was not there. Frustration of
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purpose can discharge a contract that is possible to perform,
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when a supervening event destroys the propose or value of the
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contract, provided that both parties are aware of that purpose or
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value.
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Direct Action Statutes hi hi
Garnishment - (correct answer) -Third parties are generally not hi hi hi hi hi hi hi hi
allowed to sue insurers of negligent parties who injure them or
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damage their property. Some states have enacted direct action
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statutes permitting third party sue insurer directly or both insure
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and insured/wrongdoer/tortfeasor directly
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