Bailor Study guides, Class notes & Summaries

Funeral Directing Arts SBE Study Guide with complete solutions Herzberg - Answer ️️ -What term describes the "two factor" theory? Express & Implied Warranties - Answer ️️ -The Magnuson-Moss Warranty Act is a federal statute which governs: Libitinarius - Answer ️️ -Roman undertaker was known as: Trisagion - Answer ️️ -Three short services or blessings, conducted at the funeral home the evening before the funeral service, on the day of the funeral service before leaving th...

Funeral Directing Arts SBE Study Guide Questions with solutions 2024 Herzberg What term describes the "two factor" theory? Express & Implied Warranties The Magnuson-Moss Warranty Act is a federal statute which governs: Libitinarius Roman undertaker was known as: Trisagion Three short services or blessings, conducted at the funeral home the evening before the funeral service, on the day of the funeral service before leaving the funeral home for the church and at the ce...

(open terms of a contract) Payment - due when the good is picked up (open terms of a contract) Place of Delivery - if unspecified, the buyer picks up the good from the sellers place of business (open terms of a contract) Price - Reasonable price, determined by the market of the good (open terms of a contract) Time - reasonable amount of time, dependent on the good 2 instances Stolen goods - -stolen by force or theft -stolen by fraud 2 Parties in a Promissory Note - -Maker: the party who i...

An example of an administrative expense that can minimize the cost of risk is Risk management consulting The availability of funds to pay for losses is most important to organizations when Operations have been disrupted A self-supporting solid wall that prevents a fire from passing through or around it is a Fire wall A building with concrete exterior walls and wooden support beams as defined by Insurance Services Office, Inc. (ISO) Joisted masonry The analysis step of the risk manage...

A draft is an ______written order by one party (drawer) that directs the 2nd party, the drawee, to pay a 3rd party, the payee. - unconditional Additional terms to a contract - (ONLY APPLIES TO A CONTRACT BETWEEN MERCHANTS) in a contract between merchants where one party adds unimportant terms in a contract, those terms become apart of the contract unless the other party objects in a reasonable time Article 2 - Law of Sales Bailee - Person given goods with the intention of returning them B...

Abatement correct answers a proportional reduction of a legacy under a will when assets out of which such legacy are payable are not sufficient to pay it in full. Acutal Custody of the Body correct answers the physical possession of the dead human body. Ademption correct answers the extinction or withdrawal of a legacy under a will by an act equivalent to revocation. Administrative Agency correct answers an appointed governmental body charged with implementing particular legislation. ...

Mortuary Law Mid-term exam study set (AAMI) Questions With Correct Answers True or false: Funeral goods that are sold by the funeral home carry an implied warranty of merchantability. True True or False: The Magnuson-Moss Warranty Act is a federal statute which governs only express warranties. False True or False: The Magnuson-Moss Warranty Act is a federal statute which governs both express and implied warranties. False The Magnuson-Moss Warranty Act allows Funeral Homes (sellers of me...

CIC Commercial Property Exam Questions with Answers Actual Cash Value (ACV) - Answer ️️ replacement cost less an allowance for insurance depreciation, wear and tear, or obsolescence Advance premium - Answer ️️ initial premium paid to begin coverage on a policy Agreed Value - Answer ️️ a limit agreed upon by the underwriter and Named Insured that is deemed adequate, therefore, suspending the coinsurance clause Bailee - Answer ️️ person or organization that has possession of ...

Real Property - Answer-land and things attached to the land Real Property Mortgage - Answer-legal agreement by which a bank or other creditor lends money at interest in exchange for taking the title of the debtor's real property, with the condition the conveyance of title becomes void upon the payment of the debt Conveyancing - Answer-act of transferring property title from one person to another Deed - Answer-the official document transferring ownership from seller to buyer Title - Answe...

Actual cash value is defined as..... - Answer replacement cost minus depreciation. Fine arts are typically insured on an ______ ______ _____, whereby an insured, and insured agree, at time of insuring, on an amount of insurance to be paid at the event of a loss. - Answer Agreed Value Basis The owner of clothing to be cleaned would be a ______. The dry cleaner cleaning the clothes is the ______. - Answer Bailor, Bailee The insurer has the right to take possession of damaged prop...