Definitions of liability - Study guides, Class notes & Summaries

ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) 2023-2024 What is insurance? - CORRECT ANSWER-protection against financial loss what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an insurance policy. What are premiums used for - CORRECT ANSWER-premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - CORRECT ANSWER-the insurer collect...

LML4804 EXAM PACK 2023 LATEST QUESTIONS WITH ANSWERS. Income Tax: QUESTION 1 During the 2003 tax year, Mr Johnson leased a dilapidated but wellsituated shopping centre for a period of 10 years. He intended to sub-let it at a profit. Mr Johnson had to renovate the property in order to render it suitable for letting. His expenditure in this regard during the 2003 tax year included an amount of R30 000 for the replacement of broken windows, an amount of R80 000 for the painting of the buildi...

Test Bank For Law for Business 14th Edition by A. James Barnes, Eric Richards, Tim Lemper CONTENTS PART ONE: Introduction to the Law Ch. 1 Law and Legal Reasoning Ch. 2 Dispute Settlement Ch. 3 Business Ethics and Corporate Social Responsibility Ch. 4 Business and the Constitution Ch. 5 Crimes Ch. 6 Intentional Torts Ch. 7 Negligence and Strict Liability Ch. 8 Licensing and Intellectual Property PART TWO: Contracts Ch. 9 The Nature and Origins of Contracts Ch. 10 Creating a Contract: Offers Ch...

In-depth yet succinct revision notes of topics from all Commercial Law Lectures, comprising all relevant cases (key facts, decisions, rules) and relevant statutes, as well as some reference to journal articles and other secondary sources. Can be used for exam revision (multiple choice and/or problem/essay questions) as it contains sufficient information needed, or to accompany your coursework research for various topics in Commercial Law. (Please excuse any typos) Contents: Formation of A...

CHAPTER 1 ACCOUNTING IN ACTION CHAPTER LEARNING OBJECTIVES 1. Identify the activities and users associated with accounting. Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. The major users and uses of accounting are as follows: (a) Management uses accounting information to plan, organize, and run the business. (b) Investors (owners) decide whether to buy, hold, or sell their financial interests on th...

CPCU 552 LATEST EXAM TEST BANK WITH 500 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS GRADED A (100% CORRECT ANSWERS) GUARANTEED PASS Michael is a general liability claims adjuster for Goshen Mutual. He wants to see if an insured has any endorsements that apply to its general liability policy. Which one of the following sections of the coverage form would provide this information for Michael? Select one: A. Coverages B. Declarations C. Definitions D. Conditions B. Declarations Suz...

© 2020 University of South Africa All rights reserved Printed and published by the University of South Africa Muckleneuk, Pretoria COL3704/501/3/2021 Downloaded by jeremy ziegelaar () lOMoARcPSD| CONTENTS 1. INTRODUCTION .......................................................................................................................... ix 2. PRESCRIBED READING MATERIAL .......................................................................................... ix 2.1 Section A:...

WA UST Site Assessor Exam Questions and Answers Graded A What is the hold time for soil and preserved GW GRO samples? 14 days Is an ICC certification needed to install an AST? No Flammability limits of gasoline 1.4 to 7.6% How many days do you have from a tank closure to report/provide the UST checklist to ECY? 30 days MTCA Method A lead CUL, soil 250 mg/kg MTCA Method A lead CUL, GW 15 ug/L Is the vadose zone saturated or unsaturated? Unsaturated List in order of most mobile to least mob...

PA Property & Casualty - Personal Auto Latest Update Graded A+ Law - Vehicle Financial Responsibility Requires ALL vehicles to be covered for financial responsibility (the ability to respond to damages). Minimum Limits: Split Limits - $15,000.00 for one person in any one accident / $30,000.00 for more than one for any one accident / $5,000.00 for property damage of others in any one accident. Combined Single Limits - $35,000.00. First Party Benefits (Medical) - $5,000.00 Pro...

Texas All Lines Adjuster License Final Exam (The Adjuster School)Uninsured Motorist This type of Auto Coverage pays for your damages if you were involved in a hit-and-run: Uninsured Motorist Comprehensive Liability Collison Liability What is the responsibility to another for one's negligence? Hazard Liability Risk Negligence Deductible The amount the insured must pay in a loss before any payment is due is known as: Loss Ratio Deductible Premium Surcharge Conditions...