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CPCU 530 ( EVERYTHING) EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 350 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ $17.49   Add to cart
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CPCU 530 ( EVERYTHING) EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 350 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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CPCU 530 ( EVERYTHING) EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 350 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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  • August 13, 2024
  • 105
  • 2024/2025
  • Exam (elaborations)
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CPCU 530 ( EVERYTHING) EXAM NEWEST
2024 ACTUAL EXAM COMPLETE 350 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+

Doctrine of stare decisis - ANSWER✔✔ The principle that lower courts must
follow precedents set by higher courts.


Criminal law - ANSWER✔✔ The branch of the law that imposes penalties for
wrongs against society.


Civil law - ANSWER✔✔ A classification of law that applies to legal matters not
governed by criminal law and that protects rights and provides remedies for
breaches of duties owed to others.


Substantive law - ANSWER✔✔ A classification of law that creates, defines, and
regulates parties' rights, duties, and powers.


Procedural law - ANSWER✔✔ A classification of law that prescribes the steps, or
processes, for enforcing the rights and duties defined by substantive law.


National Association of Insurance Commissioners (NAIC) - ANSWER✔✔ An
association of insurance commissioners from the 50 U.S. states, the District of
Columbia, and the five U.S. territories and possessions, whose purpose is to
coordinate insurance regulation activities among the various state insurance
departments.

,Diversity jurisdiction - ANSWER✔✔ The authority of federal district courts to hear
cases involving parties from different states that involve amounts in controversy
over a legal minimum.


Allegation - ANSWER✔✔ A claim made in the complaint by the plaintiff, specifying
what the plaintiff expects to prove to obtain a judgment against the defendant.


Complaint - ANSWER✔✔ The allegations made by a plaintiff in a lawsuit.


Pleading - ANSWER✔✔ A formal written statement of the facts and claims of each
party to a lawsuit


Motion - ANSWER✔✔ A formal request for the court to take a particular action


Discovery - ANSWER✔✔ A pretrial exchange of all relevant information between
the plaintiff and defendant.


Relevance - ANSWER✔✔ A quality of evidence that is likely to prove or disprove
an element of the case.


General verdict - ANSWER✔✔ A kind of verdict that entails a complete finding
and a single conclusion by a jury on all issues presented.


Special verdict - ANSWER✔✔ A kind of verdict reached by a jury that makes
findings of fact by answering specific questions posed by the judge. The judge
then applies the law to the facts as the jury has found them.

,Res judicata - ANSWER✔✔ A doctrine that bars parties to a lawsuit on which final
judgment has been rendered from bringing a second lawsuit on the same claim or
on related transactions.


Alternative dispute resolution (ADR) - ANSWER✔✔ Procedures to help settle
disputes without litigation, including arbitration, mediation, and negotiation.


Mediation - ANSWER✔✔ An alternative dispute resolution (ADR) method by
which disputing parties use a neutral outside party to examine the issues and
develop a mutually agreeable settlement.


Legislative rule - ANSWER✔✔ A type of substantive administrative agency rule
that comes from a statutory delegation of authority and that has the same force
as a law enacted by Congress or a legislature.


Interpretative rule - ANSWER✔✔ A type of administrative agency rule that
interprets statutes, providing guidance for agency staff or regulated parties, but
that lacks the force and effect of law and therefore is not binding on individuals.


Procedural rule - ANSWER✔✔ A type of administrative agency rule that prescribes
procedures for agency operations, legislative rulemaking, and adjudication
proceedings.


Standing to sue - ANSWER✔✔ A party's right to sue, as one who has suffered or
will suffer a legal wrong or an adverse effect from an action.

, Final order - ANSWER✔✔ An administrative agency's final conclusion or
disposition of any material private right of a party, terminating an agency
proceeding.


Exhaustion of administrative remedies - ANSWER✔✔ The completion of all
possible administrative procedures and appeals in a case; required before a party
can appeal an agency action to a court.


Contract - ANSWER✔✔ A legally enforceable agreement between two or more
parties.


Promisor - ANSWER✔✔ The party to a contract making a promise.


Promisee - ANSWER✔✔ The party to a contract to whom a promise is made.


Privity of contract - ANSWER✔✔ The relationship that exists between the parties
to a contract.


Third-party beneficiary - ANSWER✔✔ A person who is not a party to a contract
but who benefits from it and has a legal right to enforce the contract if it is
breached by either of the contracting parties.


Breach of contract - ANSWER✔✔ The failure, without legal excuse, to fulfill a
contractual promise.


Offeror - ANSWER✔✔ The party to a contract who promises to give something in
return for a promise or an act by another party

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