Exclusive remedy - Study guides, Class notes & Summaries

Differences between Property and Contract Rights? (2) - Answer-K rights are only enforceable against contracting parties. Property rights are enforceable against the world What concept is the basis for the idea of property rights? - Answer-Exclusion (the power to exclude) Can you occupy possessions? - Answer-Yes. The person who possess "the fox" occupies it Encumbrance - Answer-A burden or charge upon an estate or property, so that it cannot be disposed of without being subject to it. A n...

license agreements allows to keep ownership of the work, while requiring others to pay you for the use of your work trade secret formula, practice, process, design instrument, pattern or compilation of information which is not generally known or reasonable ascertainable, by which a business can obtain an economic advantage over competitors or customers provisional patent application temporary alternative that is far less complicated to file for than a patent application utilit...

1. Mutual assent to a real estate contract is indicated by (page 98) A. attestation. B. offer and acceptance. C. acknowledgment. D. seals. ☑: B ( This indicates a meeting of the minds.) 2. An example of an executory oral contract that is enforceable would be a (page 99) A. lease for six months starting in 6 months. B. sale of a lot for less than $500. C. lease for two weeks starting in 12 months. D. sale of drapes for $600. ☑: A (A lease for one year or less that can be fully pe...

Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - correct answer Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water main break -Employee pay after a building structure is damaged -Building i...

Property and Casualty Practice PSI ExaEmployees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - ANSWER Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water main break -Employee pay after a building struc...

While previewing a house, the salesperson notices water stains behind the draperies. the owner, when asked, denied there were any water problems. If the salesperson shows the property and fails to mention the water stains, the salesman is guilty of: a. fraud b. misrepresentation c. nothing, because his fiduciary responsibility is to the owner d. puffery (Ans- A (material facts) As evidence of leakage or flooding, water stains are material facts that must be disclosed, if known by the sale...

Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water main break -Employee pay after a building structure is damaged -Building inspectors fees after a ...

COLORADO STATE REAL ESTATE EXAM QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ The Amend/Extend Contract With Broker is used to change : - -Any contract to which the broker is a party According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: - -non-applicable financing conditions In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: - -Additional Provisions of a commission approved c...

Gibbons v. Ogden - This case involved New York trying to grant a monopoly on waterborne trade between New York and New Jersey. Judge Marshal, of the Supreme Court, sternly reminded the state of New York that the Constitution gives Congress alone control of interstate commerce. Marshal's decision, in 1824, was a major blow on states' rights. Schechter Poultry v. U.S. - 1) Supreme Court struck down National Recovery Administration after violation of poultry code 2) legistlation could not push p...

The arbitration clause in a personal auto policy would be used in which of the following circumstances? A. The ins company and a pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim. B. The insured and an injured 3rd party cannot reach an agreement regarding the settlement of a claim. C. The court have ruled against an injured 3th party. Correct Answer: B. The insured and an injured 3rd party cannot reach an agreement regarding the ...