Aic 301 exam - Study guides, Class notes & Summaries

AIC 301 - Final Exam Prep Actual Set Questions & Revised Correct Answers 1. The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine. - ANSWER : A. Negligent entrustment. 2. There was a large unmarked sinkhole on Charlotte's pr...

AIC 301 Exam Questions With 100% Correct Answers Which one of the following statements correctly expresses a distinction between waiver and estoppel? A. Only waiver prevents an insurer from reviving a defense it has forfeited earlier. B. The parol evidence rule applies to estoppel, but not to waiver. C. Estoppel is contractual in nature, but waiver is equitable in nature. D. Estoppel requires resulting injury or detriment by the party asserting it. - answerD. Estoppel requires resulting ...

AIC 301 - FINAL EXAM PREP EXAM QUESTIONS & ANSWERS (VERIFIED) LATEST UPDATE GRADED A+ 1. The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine.:ANS: A. Negligent entrustment. 2. There was a large unmarked sinkhole on Charlotte's prope...

AIC 301 - final exam prep questions with answers

AIC 301 Glossary & Concepts Exam With 100% Correct And Verified Answers Contract a legally enforceable agreement between two or more parties Promisor The party/person making the promise Promisee The party/person to whom a promise is made. Privity of Contract The relationship that exists between the parties of a contract (promisor and the promisee) Third Party Beneficiary A person/party that will benefit from the contract but is not a party to the contract. Offeror ...

AIC 301 Final Exam Prep Questions With 100% Correct And Verified Answers

AIC 301 - final exam prep questions

AIC 301 4, 5, 6 Test Exam Questions Marking Scheme Proximate cause - Answer -A cause that, in a natural and continuous sequence unbroken by any new and independent cause, produces an event and without which the event would not have happened. Negligence - Answer -The failure to exercise the degree of care that a reasonable person in a similar situation would exercise to avoid harming others. Tort - Answer -A wrongful act or an omission, other than a crime or a breach of contract, that in...

AIC 301 - final exam prep questions and answers The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as

AIC 301 Final Exam Prep Questions and Answers All Correct The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine. - Answer-A. Negligent entrustment. There was a large unmarked sinkhole on Charlotte's property, a short distance from a...