Parol evidence rule - Study guides, Class notes & Summaries

CPPB - Vocab. Volume 2 Exam Questions & Answers 2024/2025 cross-functional team - ANSWERSA group of employees from different departments working together to accomplish a specific task. The group, or team, may be characterized as permanent or ad hoc and may include suppliers and customers, as appropriate. E.g. of procurement specific teams may include: Commodity Procurement Strategy Team; Sourcing Team; Supplier Performance Eval. Team; Supplier Certification Team cycle time - ANSWERSThe t...

Business Law Final Exam | Latest Update | 2024/2025 | 100% Verified What does the doctrine of consideration require in a contract? It requires that something of value be exchanged between parties for a contract to be valid. How does legal capacity affect the formation of contracts? Legal capacity ensures that parties must be competent and of legal age to be bound by the agreement. What does the parol evidence rule limit? It limits the use of outside oral or written stateme...

In the insurance business, risk can best be defined as: A. sharing the possibility of a loss B. uncertainty regarding the future C. uncertainty regarding financial loss D. uncertainty regarding when death will occur - ANSWER C. The concept of insurance developed from the need to minimize the adverse effects of risk associated with the probability of financial loss. Which of the following risks is insurable? A. pure risks B. gambling C. speculative risks D. investing - ANSWER A. Only p...

Florida 2-15 Insurance Exam with Answers 2024 In the insurance business, risk can best be defined as: A. sharing the possibility of a loss B. uncertainty regarding the future C. uncertainty regarding financial loss D. uncertainty regarding when death will occur - ️️ - C. The concept of insurance developed from the need to minimize the adverse effects of risk associated with the probability of financial loss. Which of the following risks is insurable? A. pure risks B. gambling C. s...

Florida 215 Questions and Answers Rated A Nondisabling Injury Provision A person who has a disability income policy and suffers from a disability that is not serious enough to qualify them for disability income benefits may receive the actual cost of medical treatment for accident-related injuries under the: The following statement(s) about HMOs is/are CORRECT? HMOs stress preventive care, rarely assess deductibles, and provide coverage for routine doctor visits and hospital care. Pure Risk An...

National Real Estate Exam: Contracts Questions and Answers 100% Pass 4 elements required of every contract CLOC: (C)ompetent Parties (L)egal Object (O)ffer and acceptance (C)onsideration valid contract contains all the essential elements and is binding and enforceable upon both parties to the contract. voidable contract has all of the elements necessary to create the contract and is enforceable but is subject to rescission by one of the parties to the contract. It is legally s...

Florida Health 240 Insurance Latest 2024 Already Passed Rules of Construction Help to identify and establish the intent of the parties to the contract Utmost good faith Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract A contract under which one party's performance is contingent on an uncertain event. property and casualty agent...

INSURANCE ADJUSTER REVIEW EXAM QUESTIONS WITH COMPLETE ANSWERS which of the following is used to modify an insurance policy from its original form? - Answer-Endorsements an insurer formed under the law of a state of the United States other than the state where it is licensed, domiciled and chartered is: - Answer-a Foreign insurer careless driving because the driver knows he or she is insured is a: - Answer-Morale hazard oily rags left to accumulate in the garage is a: - Answer-physic...

Florida Health 240 Insurance Questions And Answers 100% Guaranteed Success. Rules of Construction - correct answer. Help to identify and establish the intent of the parties to the contract Utmost good faith - correct answer. Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract - correct answer. A cont...

Pay the claims covered under the policy. - CORRECT ANSWER-A primary obligation of an insurance company is to: Accumulating Risk - CORRECT ANSWER-Which of the following is not a reaction to risk? An increase in the possibility that a loss may occur. - CORRECT ANSWER-Which of the following describes a hazard? Requiring the policyholder to carry insurance to value. - CORRECT ANSWER-Which of the following best meets the test of the "Principle of Indemnity"? Overpayment of a claim - COR...