Condition precedent - Study guides, Class notes & Summaries

Binding agreement - ANSWER-When an offer doesn't contain any conditions, it's a _________ _________ once accepted by all parties. - Condition precedent - Condition subsequent - ANSWER-What methods can be used to draft conditions? A true condition precedent. - ANSWER-If a party is not permitted to waive a condition and is required to fulfill the condition, what is this called? A condition in an agreement calling for an event to happen, or an act to be performed, before the agreement b...

USAA Licensing Exam Latest Update Graded A+ Insurance Transfer of risk from one person or organization to an insurance company Indemnity The principle to restore the insured to the pre-loss economic or financial condition. Law of Large numbers Mathematical principle used by insurers to predict losses to charge the appropriate premiums Insurable Interest Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty in...

bioethics correct answer: The study of ethics related to issues that arise in health care. ethics correct answer: sustained and intentional reflection on morality and the moral life with analysis, discontent, reasoning, and arguments moral rules or principles of behavior that should guide members of a profession or organization and make them deal honestly and fairly with each other and with their custom utilitarianism correct answer: 1 fundamental moral good-to maximize outcomes of ...

What is the principal source of stare decisis and precedent? D) Common Law Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve the dispute. How would these regulations help this consumer? A) They prohibit u...

Binding agreement - Answer When an offer doesn't contain any conditions, it's a _________ _________ once accepted by all parties. - Condition precedent - Condition subsequent - Answer What methods can be used to draft conditions? A true condition precedent. - Answer If a party is not permitted to waive a condition and is required to fulfill the condition, what is this called? A condition in an agreement calling for an event to happen, or an act to be performed, before the agreement b...

LCP4805 EXAM PACK 2023 QUESTIONS AND ANSWERS. What was the nature and implications of the ruling in South Africa‟s first climate change case? (10) [20] South Africa’s First Climate Change Case Earthlife Africa Johannesburg v. The Minister of Environmental Affairs and others In this case the High Court of South Africa, Gauteng Division, Pretoria ruled in favour of Earthlife Africa Johannesburg on the basis that when granting an environmental authorisation (EA) to the Thabametsi Power Pr...

BUSI 301 Exam 2 Practice Questions 2024. _____ is typically accomplished by attaching some event, known as a(n) ______ that must occur before a particular performance obligation is triggered. - CORRECT ANSWER Risk Allocation; Condition A(n) ______ means that an event that must occur before performance under a contract is due. - CORRECT ANSWER Condition Precedent If the elements of contract formation are satisfied, the contract must still:______. - CORRECT ANSWER be in writing under ce...

WJEC Criminology: Unit 4- Crime and Punishment QUESTION AND ANSWER 2023The police work with probation and prison services, sharing information with other agencies to assess and manage violent and sexual offenders in order to protect the public from harm. Relationship between the police and MAPPA (Multi-agency public protection arrangements) 1.Ensure defendants are in police custody before court./ 2. Police attend court to give evidence./ 3. Police apply to the courts for search and arr...

A bid is a written offer to perform and is not binding until accepted T/F? - True A condition precedent is A) evidence of prior dealings between the parties proving one is entitled to payment B) A legal term concerning personal injury claims C) an act or event that must take place to trigger an obligation D an illness suffered by all lawyers - C) an act or event that must take place to trigger an obligation A covenant not to compete, also known as a "non-competition agreement" is never e...

BUSI 301 Exam 2 Advanced Questions & Answers 2024. _____ is typically accomplished by attaching some event, known as a(n) ______ that must occur before a particular performance obligation is triggered. - CORRECT ANSWER Risk Allocation; Condition A(n) ______ means that an event that must occur before performance under a contract is due. - CORRECT ANSWER Condition Precedent If the elements of contract formation are satisfied, the contract must still:______. - CORRECT ANSWER be in writin...