Consequential damages - Study guides, Class notes & Summaries

THE STANDARD FOR PROJECT MANAGEMENT AND A GUIDE TO THE PROJECT MANAGEMENT BODY OF KNOWLEDGE TEST BANK 7th edition. Library of Congress Cataloging-in-Publication Data Names: Project Management Institute, publisher. Title: The standard for project management and a guide to the project management body of knowledge (PMBOK guide). Other titles: Guide to the project management body of knowledge (PMBOK guide) | PMBOK guide Description: Seventh edition. | Newtown Squa...

New York State Auto Damage and Theft quiz 17-71 Exam Updated 2024 with complete solution. 1. Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: Direct loss Indirect loss Loss evaluation Consequential loss: Consequential loss 2. When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraisercheck? The center pillar ...

2024 GEORGIA ADJUSTER EXAM WITH 100% VERIFIED ANSWERS GRADED A+ Consequential also known as Indirect Loss An insured's business is damaged because of a fire and he is forced to close business temporarily for repairs. As a result of the insured lost income. What type of loss is this? Combined Single The insured crashes into a porch and the person sitting on the porch. The person on the porch is injured. The insured's insurance policy has a limit set at $500,000. This amount applies to ...

CNST 302 Test 2 - Questions and Answers Prime contractors can obtain sets of bidding documents from these sources except _____. a)Plan center b)Plan room c)On-line library d)Sweets e)Dodge Reports f)Owner g)A-E The amount of profit a bidder includes is a factor of a)Extent of perceived risk b)Level of expected competition c)Project duration d)The particular client e) All of the above One of the current trends in risk management is towards centralized control of all project insurance. True Why ...

DBIA - Contracts and Risk Management Final Questions and Answers 2025 Betterment Theory - CORRECT ANSWER-Owner cannot be put in a better position than if the breach hadn't occurred. Consequential Damages Section 10.5.1, DBIA Document 535 - CORRECT ANSWER-"Not withstanding anything herein to the contrary (except as set forth in section 10.5.2 below), neither Design-Builder nor Owner shall be liable to the other for any consequential losses or damages, whether arising in contract, warranty, to...

Financial(monetary interest) Blood(a relative) Business(a business partner) 3 elements of insurable risk at the time of the loss In property and casualty insurance, insurable interest must exist __ ___ ____ __ ___ ____ insured anyone who is covered under the policy, whether named or not named insured the individual whose name appears on the policy's declaration first named insured the individual whose name appears first on the policy's declaration. add...

what is strict performance? - recquires one party to fufill obligation and there is no deviation from the contract; obligation must be expressly demanded within the contract & the demand must be reasonable what is substantial performance? - 1 party fulfills enough of the contract to obtain a warrant of payment what results from a failed substantial performance? - the party that fails to perform will receive nothing in the contract itself & will recover only the value of the work (if any) ...

Law of Large Numbers - Answer-The larger the number of people with a similar exposure to loss, the more predictable actual losses will be. Insurance - Answer-Transfers the risk of loss from an individual or business entity to an insurance company The three elements of insurable risk are - Answer-1) Financial 2) Blood (relative) 3) Business Risk - Answer-The uncertainty or chance of a loss occurring Types of risks are - Answer-1) Pure risk 2) Speculative risk What type of risk does insuran...

Procuring Cause -:- is traceable by an uninterrupted series of casual events. A transaction broker agreement may have a clause to automatically extend the agreement -:- if a transaction is underway when the agreement expires. An agent contacted an owner to see if they might want to sell the property. The agent said, "I think I can get you $250,000," which surprised the owner. The owner said, "Ok, and anything over that can be your commission." This is: -:- a net listing and could...

Consequential also known as Indirect Loss Correct Answer: An insured's business is damaged because of a fire and he is forced to close business temporarily for repairs. As a result the insured lost income. What type of loss is this? Combined Single Correct Answer: The insured crashes into a porch and the person sitting on the porch. The person on the porch is injured. The insured's insurance policy has a limit set at $500,000. This amount applies to the total of damages for any bodily inj...