Compensatory damages - Study guides, Class notes & Summaries

alifornia property and casualty exam questions and answers graded A The process where by a mutul insurer becomes a stock company is called Demutalization The process whereby a stock company a mutal insurer is called Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is Valuation clause The part of the policy that states the amout of coverage the insured property policy period is Declaration Part of the policy that establ...

Real property (realty) Ans- Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Personal Property Ans- possessions such as jewelry, furniture, and boats Damage to building by vandalism - Put a fence around the building Ans- Loss Prevention Home burglary - Install burglar alarm Ans- Loss reduction Tort Damages Ans- compensatory damages and punitive damages Negligence Tort Ans- careless neglect, often resulting in...

Major types of torts correct answers - Intentional tort - Negligence - Strict liability Crime is wrong against __, and a tort is a wrong against __ __. correct answers Society. Private party. What is the fundamental results of criminal law and tort law? correct answers Deterrence of activities considered to be wrong What are strict liabilities limited to? correct answers Reserved for abnormally dangerous activities In what ways are victims appeased? correct answers - Receipt of co...

CAIB 3 Chapter 1 Questions with Verified Solutions Identify the two divisions in the Canadian Legal System Criminal Law Civil Law Should brokers always recommend clients questions concerning maters of law to a qualified legal practitioner? Yes Identify eight examples of criminal wrongs Certain uses of an automobile Possession and trafficking of drugs Murder Voluntary manslaughter Burglary, robbery and theft Price fixing Pollution of the air and water False advertising I...

GEORGIA PROPERTY & CASUALTY INSURANCE EXAM Prep (Latest 2024/ 2025 UPDATE) QUESTIONS AND VERIFIED ANSWERS| 100% CORRECT| GRADE A Q: Which insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount lost? Answer: Indemnity Q: legal process that gives the insurer, after payment of a loss, the right to seek recovery from a third party that was responsible for the loss Answer:...

Instructor Training – GPSTC Questions And Answers Exam Review Crime - ANS-An act committed or omitted in violation of a law forbidding or commanding it and for which punishment is imposed upon conviction. Burden of Proof for Criminal Liability - ANS-Prove beyond a reasonable doubt that the accused did commit the act and did so willfully and with intent. Torts - ANS-A private or civil wrong, other than a breach of contract, in which the action of one person causes injury to the pers...

NUR-631 Final Exam Study Guide 2023 (Questions With Complete Solutions Graded A+) fibers arise from nasal olfactory epithelium and form synapses with olfactory bulbs that transmit impulses to temporal lobe Hypoglossal nerve - ANSWER *XII* -stick out tongue -motor fibers to muscles of tongue and sensory impulse from tongue to brain -fibers arise from medulla and exit from skull and extend to tongue trigeminal nerve - ANSWER *V* -sensations of pain, touch, temperature, corneal reflex, clenc...

The purpose of tort law, generally, is to provide remedies for the invasion of various protected interests, such as: A. physical security and freedom of movement. B. destruction of property. C. damage to property. D. all of these choices. - ️️D. all of these choices. (The purpose of tort law is to provide remedies for the violation of various protected interests. Society recognizes an interest in personal physical safety.) Tort law provides legal remedies for property damage. A. Tru...

Which of the following is correct regarding compensatory damages ? CORRECT ANSWER-compensatory damages pay a victim for his loss which of the following if any is correct regarding punitive damages? CORRECT ANSWER-punitive damages are designed to punish the wrongdoer and set an example for others which of the following is correct regarding international torts ? CORRECT ANSWER--a tort is civil wrong committed against an individual -one who commits a tort may be required to pay the medical ...

CAIB 3 Practice Exam Questions and Answers Already Passed What is the name given to the collection of written decisions? Case Law Explain the concept of the Rule of Precedent. Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". Compensation in money for the loss or damage suffered. Compen...