Offeror vs offeree - Study guides, Class notes & Summaries

Representations and Warranties - CORRECT ANSWER Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - CORRECT ANSWER Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The ________ department analyzes data to help est...

LAW OF CONTRACTS EXAM 1 (2023) | Questions & Answers (100% Correct) LAW OF CONTRACTS EXAM 1 (2023) | Questions & Answers (100% Correct) contract law : - ANSWER - common law contracts statutory contract law common law contracts - ANSWER - law created by judges to settle disputes arising out of contractual relationships -standards were created for future judges and citizens to follow aka 'precedents' example of common law contracts - ANSWER - Lucky died when he (dog) went in for teet...

WEBCE Life And Health (281 Questions) Complete With 100% Correct Verified Answers Newly Updated 2024 WEBCE Life And Health (281 Questions) Complete With 100% Correct Verified Answers Newly Updated 2024 Representations and Warranties Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments Two related insurance ...

Representations and Warranties - Answer- Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - Answer- Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The ________ department analyzes data to help estimate future losse...

what makes a contract irrevocable? - option contract detrimental reliance what is an option contract? - offeror promises to hold offer open for a special period in exchange for consideration what is determinantal reliance (promissory estoppel)? - 1. If Person A reasonable relies on 2. Person's B promise 3. In a way that causes Person A harm, then 4. Person B is estopped form not fulfilling the promise (Person B has kept the promise) what is partial performance? - form of detrim...

Webce Life And Health Study • Representations and Warranties: Representations are statements the appli-can’t makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. • Underwriting vs. Actuarial Departments: Two related insurance company functions. Through the process of , applications are assessed for in- surability and to assign premium rates. The department analyzes datato help estimate f...

GDL Contract Law Revision Notes (Distinction Level) 2023 GRADED A Contract Law Notes Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is accepted by the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the offer....

Representations and Warranties - Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - Two related insurance company functions. Through the process of , applications are assessed for insurability and to assign premium rates. The department analyzes data to help estimate future losses and to produce rate tables. ...

WebCE Life and Health (2022/2023) Rated A+ Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Representations and Warranties Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to assign premium rates. The ________ department analyzes data to help estimate future losses and to produce ...

ACC 241 FINAL Exam Questions And Answers (Verified And Updated) Agent isn't liable as long as... - answerPrinicpal is fully disclosed If a principal is partially disclosed: - answerBoth agent and principal are liable If a principal is undisclosed - answerBoth agent and principal can be liable The principal is undisclosed. Who is going to be liable if this contract is breached? - answerBoth agent and principal could be liable Principal hires a minor to make contracts on behalf of the prin...