Buy sell agreements - Study guides, Class notes & Summaries

PRIMERICA LIFE INSURANCE EXAM. All Most Examined Questions Bank with answers. 100% verified. Rated A. An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - A. mutual funds not paid out after paying claims ...

LAW OF CONTRACT NOTES: Contract as an agreement intended to create enforceable obligations A contract is an agreement between two or more parties. The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforceable as contracts. Legally binding agreements that are not contracts: The ...

Pearson Vue Life + Health Insurance Practice Exam Questions with Correct Answers 100% Verified P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: a: irrevocable beneficiary b: revocable beneficiary c: secondary beneficiary - Correct Answer B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A...

COLORADO REAL ESTATE – CONTRACTS EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ "MEC" in a contract means: A. Mutual Execution of Contract B. Must Exit Contract C. Multiple Element Contingency D. Multiple Easement Criteria - -A. Mutual Execution of Contract In Contract to Buy and Sell Real Estate. Means date upon which both parties have executed contract. MEC +1 would be the date in which both parties sign, plus one day. Typically used in commercial world but not fr...

Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? a) 30 b) 60 c) 90 d) 100 - -b How is the Commissioner of Insurance placed in office? a)By NAIC nomination b)Through a bid process c)An election at the same time that other state officials are selected d)An appointment by the Governor - -d An ins...

NC LIFE Insurance State Exam Study Guide with Complete Solutions CREDIT LIFE - Correct Answer a special type of coverage written to the life of the debtor and pay off the balance of a loan in the event of the death of the debtor. BUY-SELL AGREEMENTS - Correct Answer a legal contract that determines what will be done with a business in the event that an owner dies or becomes disabled. Otherwise known as a business continuation agreement INSURABLE INTEREST - Correct Answer to purchase insur...

P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary - ANSWERB A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A.indemnity contract B.investment contract C.endowment D.annuity - ANSWERD An insurance p...

Pearson Vue Life + Health Insurance Practice Exam Questions And Correct Revised Answers P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: a: irrevocable beneficiary b: revocable beneficiary c: secondary beneficiary - ANSWER : B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A. inde...

Rera Exam Study Guide. Highest Burj Khalifa - answer829,8 (2722 ft) Business Bay number of buldings - answer240 (completed 2008) Palm Jumeirah - answer3 Palms 520 km by Nakheel Al Maktoum International Airport - answerProjected anual capacity 160 Million passanger The World Island - answerby Nakheel Dubai Land Department (DLD) - answerThe main objective of DLD is to organize and documents all real estate transaction for and behalf Dubai Goverment. established 24.01.1960 RERA - answerReal...

During a recession an Investor will buy _______________ bonds, and sell ________________ bonds. correct answers corporate | government The yield spread between government and corporate bonds during a recession should _____________ correct answers widen Ad Valorem tax correct answers A tax levied according to value, generally used to refer to real estate tax. Also called the general tax. Special tax bonds correct answers backed by special taxes (e.g., taxes on tobacco, gasoline, hotel/mo...