Implied warranty - Study guides, Class notes & Summaries

GCU Exam Questions ( athletic training entrance) 2024 with complete solutions omission - ANSWERSfails to perform legal duty commission - ANSWERSact that is not in their duty to perform What is the criteria required to prove negligence? - ANSWERSduty, breach of duty, harm occurs, harm in result of breach of duty "failure to warn" means? - ANSWERSparticipants must sign waiver acknowledging risks for injuries foreseeability of harm - ANSWERSrecognizing potential danger and removi...

What course of action does a party to a contract have if the other party is found to be in breach of that contract? - Answer-Damages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualifies as of the following? -an amendment -an expressed warranty -a policy provision -an implied warranty - Answer-implied warranty What does it mean if an agent's license is inactive? - Answer-the agent cannot transact any insurance business for which is valid, a...

CQN=1 The common law and equity law system in the United States was emerged from ( ). a. France b. Russia c. England d. Germany AQN=1 A statement "this is a good engine" is ( ). a. Merely the seller's opinion b. An express warranty c. An implied warranty CThe common law and equity law system in the United States was emerged from ( ). a. France b. Russia c. England

MD Real Estate PSI exam Latest Update Graded A+ home equity loan A loan under which a property owner uses the property as collateral and can then draw funds up to a prearranged amount against the property. Also called a home equity line of credit, or HELOC. home inspection A thorough visual survey of a property's structure, systems, and site conditions conducted by a professional. Home Mortgage Disclosure Act A federal law, implemented at its creation by Regulation C of the Fede...

CSP Exam Review Questions and answers, graded A+/ verified. Safety - -The state of being relatively free from harm, danger, injury, or damage Risk - -A measure of both the likelihood(probability) and consequences(severity) of all hazards of an activity or action What are two aspects of Risk? - -The measure of probability and severity The five steps of the risk management process? - -1. Risk Identification 2. Risk analysis 3. Risk elimination or reduction 4. Financing risk 5. Administ...

AU 62 Chapter 3 Exam Questions and Answers All Correct While Wanda was mowing her lawn, the lawn mower made a popping noise and suddenly exploded. Engine parts flew through the air and struck Wanda's grandfather in the eye. As a result of losing his vision, Wanda's grandfather, Homer, sued the lawnmower manufacturer. Homer's best approach in the lawsuit is to assert - Answer Strict liability as a nonuser - Most courts also hold a bystander as able to assert a strict liability claim as a ...

BUSI 301 Chapter 21 with answers graded A+Express warranty - correct answer The seller makes a representation of fact about a product Many arise in the context of advertising Implied warranty - correct answer The seller has not made a specific representation about the product, the buyer is still protected by the UCC Implied warranties - correct answer 1. Merchantability: every sale of a product from a merchant to a buyer. Fit for ordinary use 2. Fitness for a particular purpose Di...

THE STANDARD FOR PROJECT MANAGEMENT AND A GUIDE TO THE PROJECT MANAGEMENT BODY OF KNOWLEDGE TEST BANK 7th edition. Library of Congress Cataloging-in-Publication Data Names: Project Management Institute, publisher. Title: The standard for project management and a guide to the project management body of knowledge (PMBOK guide). Other titles: Guide to the project management body of knowledge (PMBOK guide) | PMBOK guide Description: Seventh edition. | Newtown Squa...

INSURANCE EXAM QUESTIONS & ANSWERS 2024 which one of these is NOT a type of agent authority? A. Express B. implied C. principal D. apparent - Answer - principal which of these arrangements allows one to bypass insurable interest laws? A. concealment B. indemnity contract C. contract of adhesion D. investor-originated life insurance - Answer - Investor-originated life insurance A policy of adhesion can only be modified by whom? A. The agent B. The applicant C. The primar...

BUSI 301 Liberty University -BUSI 301 Chapter 21 correctly answeredExpress warranty - correct answer The seller makes a representation of fact about a product Many arise in the context of advertising Implied warranty - correct answer The seller has not made a specific representation about the product, the buyer is still protected by the UCC Implied warranties - correct answer 1. Merchantability: every sale of a product from a merchant to a buyer. Fit for ordinary use 2. Fitness for a...