Recission - Study guides, Class notes & Summaries

Adjuster Pro Oklahoma Practice Exam Questions And Answers Public adjuster A fiduciary agent of behalf of the claimant Insured An individual or organization that pays premiums in exchange for financial protection Principle of indemnity Prevents an insured from making a profit Policy recission Public adjuster Hired by the claimant and paid commission

duty-based ethics Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics Sells the optimal result for the greatest number of people Advisory note Punishment for a technical breach Administrative penalty/ fine One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authority Implication- advice outside of objective These two ways of creating ...

WA STATE LAW, CHAPTERS 17, 18, 19, 22, 26, 28, AND 30 EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED. Agency law is concerned with your __________for the _______ of others and their _____________ to you. - -responsibility, actions, obligations To create an agency relationship, there must be: A ______________ and An _______________ Who _________ consent that the __________ will act on behalf of the _________ Be subject to the ______________'s control thereby creating a ___________ relati...

RECA fundamentals study guide| Complete Questions and Answers, 100% Correct| A+ Rated Solution guide| Latest 2024 duty-based ethics Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics Sells the optimal result for the greatest number of people Advisory note Punishment for a technical breach Administrative penalty/ fine One or two potentially serious infraction would cause this punishment Ratification- acting without a...

Question: A sublessee is a(n) - Tenant Question: A major disadvantage of owning investment property might be - Lack of Liquidity Question: The most favorable thing about a VA loan is that - VA loans guaranty gives the veteran favorable financing terms because the lender is protected from loss Question: Once the funds of a construction loan are disbursed to the contractor, and if the sub-contractor is not paid, - . The sub-contractor can file a lien against the home, even if the home is sold, ...

Which of the following is NOT considered "Middle Housing" A) Cottage Cluster B) Townhouses C) Large multifamily homes D) Condo'sLarge Multi-family residences Which of the following documents do not need signatures for both buyer and seller? A) Final Agency Agreement B) Title Report C) D)Final Agency Agreement? Because if the seller doesn't accept the offer they are not obligated to sign Final Agency AgreementSale Agreement Types of Depreciation Methods Chattles ...

Oregon Real Estate Exam Questions and Answers (Graded A)Oregon Real Estate Exam Questions and Answers (Graded A)Oregon Real Estate Exam Questions and Answers (Graded A)Oregon Real Estate Exam Questions and Answers (Graded A)Oregon Real Estate Exam Questions and Answers (Graded A) Contract - ANSWER-*agreement between two or morew competent parties based upon legal consideration that creates duties and obligations that are legally enforceable. 4 elements required for a contract - ANSWER-*Compe...

Unilateral Contract a contract that legally binds only one party to contractual obligations (one-sided) Unintentional torts -the result of acting without proper care (referred to as negligence) *insurance will only respond to this type of tort *a.k.a, losses other than those acts by an insured that are deliberate and intended to cause loss or damage Intentional tort is any deliberate act that causes harm to another person regardless of whether the offending party intended to...

Florida Health 240 Insurance Latest 2024 Already Passed Rules of Construction Help to identify and establish the intent of the parties to the contract Utmost good faith Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract A contract under which one party's performance is contingent on an uncertain event. property and casualty agent...

Mutual Assent A meeting of the minds; consent; agreement Recission the abrogation, annulment, or cancellation of a contract by the act of a party Unconscionability form of contract where a dominant party haas taken unfair advantage of a weaker party and has imposed terms and conditions that are unreasonable and one-sided Fraud deceit, deception, or trickery that is intended to induce, and does induce, another to part with anything of value or surrender some legal right Misrepresentation ...