Aic 301 Study guides, Class notes & Summaries

AIC 301 - Final Exam Prep Questions And Answers 100% Verified The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine. - answerA. Negligent entrustment. There was a large unmarked sinkhole on Charlotte's property, a short distance from ...

AIC 301-2: Insurance Applications (Questions & Answers)

AIC 301 - All the terms and definitions Test Exam Questions Marking Scheme What is a contract? - Answer -A legally enforceable agreement between two or more parties. Who is the promisor? - Answer -The party to a contract making a promise. Who is the promisee? - Answer -The party to a contract to whom a promise is made. What is privity of contract? - Answer -The relationship that exists between the parties to a contract. Who is a third-party beneficiary? - Answer -A person who is n...

AIC 301 Test Prep Questions with Correct Answers Which one of the following statements correctly expresses a distinction between waiver and estoppel? A. Only waiver prevents an insurer from reviving a defense it has forfeited earlier. B. The parol evidence rule applies to estoppel, but not to waiver. C. Estoppel is contractual in nature, but waiver is equitable in nature. D. Estoppel requires resulting injury or detriment by the party asserting it. - Answer-D. Estoppel requires resulting i...

AIC 301 Chapter 1 Test with Complete Solutions Assignor - Answer-the party making the assignment third party beneficiary - Answer-a contract between two parties that benefits a third party Donee Beneficiary - Answer-a third party beneficiary who recieves the benefit of a contract's performance as a gift from the promisee, with the intent of the contacting parties discharge - Answer-the act of ending a contract, agreement, or obligation assignment - Answer-the transfer of rights or ...

AIC 301 Quiz/Test Study Questions and Answers 100% Pass Market Share Liability - Correct Answer ️️ -Applies when a product that has harmed a consumer cannot be traced to a single manufacturer. They are liable unless they can prove they could not have made the product involved. A Defense to Fraud - Correct Answer ️️ -The defendant must make the representation with the intent to influence the other party's action. If the defendant did not intend to deceive, there is no proof of fra...

AIC 301 - final exam prep questions The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine. - ANSWER-A. Negligent entrustment. There

AIC 301 Definitions: Complete Study Set

AIC 301 Test - Prep Questions With Detailed Solutions

AIC 301 Quiz/Test Study Questions and Answers 100% Pass Market Share Liability - Correct Answer ️️ -Applies when a product that has harmed a consumer cannot be traced to a single manufacturer. They are liable unless they can prove they could not have made the product involved. A Defense to Fraud - Correct Answer ️️ -The defendant must make the representation with the intent to influence the other party's action. If the defendant did not intend to deceive, there is no proof of fra...