Define fiduciary Study guides, Class notes & Summaries

Fundamentals of Insurance BC questions and answers graded A+ What is the major function of insurance? - ANSWERS to allow the spread of risk What are the five important functions of insurance? - ANSWERS 1) insurance is the shifting of financial responsibility for a loss 2) payment will be made only in the event of an insured risk 3) the amount of payment is restricted to the amount required to indemnify the insured 4) insurance covers losses the object may be exposed to 5) the indemnit...

Fundamentals of Insurance BC questions and answers graded A+ What is the major function of insurance? - ANSWERS to allow the spread of risk What are the five important functions of insurance? - ANSWERS 1) insurance is the shifting of financial responsibility for a loss 2) payment will be made only in the event of an insured risk 3) the amount of payment is restricted to the amount required to indemnify the insured 4) insurance covers losses the object may be exposed to 5) the indemnit...

M100 Community Association Management Exam Questions with 100% Verified Answers. Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain docu...

M100 Community Association Management Exam Questions with 100% Verified Answers. Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain docu...

Champions Powerhouse Training SAE 146 Questions with Verified Answers An area of neighborhoods or sub divisons that is serviced by your firm. - CORRECT ANSWER Geographic Farm A plan by which you develop to gain name recognition - CORRECT ANSWER Marketing Plan Becoming different in your approach through growth and development - CORRECT ANSWER differentiate All the properties in a particular price range, in the area your firm services - CORRECT ANSWER economic farm Words or cont...

CMCA PRACTICE EXAM QUESTIONS AND ANSWERS 100% PASS Preparing a bid request includes which of the following: A. Verifying References. B. Identifying potential contractors. C. Recommending a contractor to the board. D. Verifying contractor insurance. B Legal review prior to executing a contract will assist the association in the event that: A. A subcontractor is used. B. A performance bond is required. C. There is a budgetary shortfall. D. The board has questions or concerns. D Rather tha...

Certified Defense Financial Manager Course Exam Questions and Answers 100% Pass What was the predecessor to the Constitution? -Answer-Articles of Confederation Where are Federal-Level laws enacted? -Answer-Congress What Article, Section and Clause empowers Congress to collect taxes -Answer-Article 1, Section 8, Clause 1 What occurs when the President does not sign an enrolled bull within 10 days? - Answer-Pocket Veto Which branch of government implements laws? -Answer-Executive Approxim...

A brokerage representing only a seller would consider a buyer as a _________ or a customer? - Third Party A buyer completes the purchase of a property, but shortly after taking possession discovers there is a latent defect to the land or improvements. Is the brokerage liable? - No. The brokerage should be indemnified as the buyer was required to make their own enquiries to confirm the condition of the property. This is an example of 'Duty of Indemnification'. Note: If the agent acts unla...

Certified Defense Financial Manager Course Exam Questions and Answers 100% Pass What was the predecessor to the Constitution? -Answer-Articles of Confederation Where are Federal-Level laws enacted? -Answer-Congress What Article, Section and Clause empowers Congress to collect taxes -Answer-Article 1, Section 8, Clause 1 What occurs when the President does not sign an enrolled bull within 10 days? - Answer-Pocket Veto Which branch of government implements laws? -Answer-Executive Approxim...

Parents patriae is a Latin term that translates to - King as father parents of the country The concept of Prince Porte has given rise to the States authority to intervene in an individual's life in order to protect the person from harming himself or others in the following ways - Guardianship or conservatorship. Baker act. Protective services for children or adults. Involuntary treatment for substance abuse or mental illness. Who can amend or change the laws governing guardianship. - The ...