Cpcu 530 exam questions Study guides, Class notes & Summaries

2024 CPCU 530 Practice Exam New Latest Version Best Studying Material with All Questions from Actual Exam and Correct Answer

CPCU 530 Chapter 2 Exam Questions and Answers All Correct Contract - Answer-A legally enforceable agreement between two or more parties in which each party makes some promise to the other Promisor - Answer-The party to a contract making a promise Promisee - Answer-The party to a contract to whom a promise is made Privity of contract - Answer-The relationship that exists between the parties to a contract Third-party beneficiary - Answer-A person who is not a party to a contract but who ben...

CPCU 530 ( EVERYTHING) EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 350 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

CPCU 530 EXAM QUESTIONS AND ANSWERS Civil Law - ANSWER- Comprehensive codes of written laws or statutes that apply to all legal questions. These systems rely on scholarly interpretations of their codes and constitutions rather than on court decisions Common Law - ANSWER- Body of law derived from court decisions as opposed to statutes or constitutions. Doctrine of Stare Decisis - ANSWER- Principle that lower courts must follow precedents set by higher courts Substantive Law - ANSWER- ...

CPCU 530 Practice Exam Questions and Answers common stock - Answer-An ownership interest in a corp that gives stockholders certain rights and privileges, such as the right to vote on important matters and to receive dividends preferred stock - Answer-Stock that is generally nonvoting but that has priority over common stock, usually regarding dividends and capital distribution if the corporation ends its existence Par value - Answer-An arbitrary dollar value that an organization assigns...

CPCU 530 II Exam Questions with Correct Answers What is an insurance contract? - Answer-A contract where the policyholder pays premiums and the insurer promises to cover losses. What are the five main parts of a common insurance contract? - Answer-Declarations page, definitions section, insuring agreement, exclusions, and conditions. What information is included in the declarations page of an insurance contract? - Answer-Address of insured property, deductibles, description of insured ...

CPCU 530 2023 Exam Questions and Answers All Correct Doctrine of stare decisis - Answer-The principle that lower courts must follow precedents set by higher courts. Equity - Answer-Fairness, or a body of principles constituting what is fair and right. Criminal law - Answer-The branch of the law that imposes penalties for wrongs against society. Civil Law - Answer-A classification of law that applies to legal matters not governed by criminal law and that protect rights and provides rem...

CPCU 530 II Exam Questions with Correct Answers What is an insurance contract? - Answer-A contract where the policyholder pays premiums and the insurer promises to cover losses. What are the five main parts of a common insurance contract? - Answer-Declarations page, definitions section, insuring agreement, exclusions, and conditions. What information is included in the declarations page of an insurance contract? - Answer-Address of insured property, deductibles, description of insured ...

2024 CPCU 530 REAL EXAM WITH ALL QUESTIONS AND CORRECT DETAILED ANSWERS| CPCU 530 REAL EXAM (GUARANTEED PASS!!) Some contracts are voidable, and some agreements are void because they are not contracts. When a contract is voidable, the right of avoidance is available only to Select one: A. Parties in privity of the contract. B. The offeror of the contract. C. The offeree of the contract.I D. An innocent or injured party. - ANSWER-D. An innocent or injured party