Legality of object - Study guides, Class notes & Summaries
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FUNDAMENTALS OF INSURANCE BC EXAM 100% QUESTIONS AND ANSWERS
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FUNDAMENTALS OF INSURANCE BC 
EXAM 100% QUESTIONS AND 
ANSWERS 
RISK - ANSWERS IS THE CHANCE OF FINANCIAL LOSS 
PERIL - ANSWERS IS THE CAISE OF FINANCIAL LOSS FOR EXAMPLE- FIRE 
WATER AND EARTHQUAKE 
WHAT IS THE MAIN PURPOSE OF INSURANCE - ANSWERS IS TO ALLOW THE 
SPREAD OF RISK 
INDEMNITY - ANSWERS MEANS RESTORING THE INSUREDS TO THE SAM 
FINANCIAL POSITION AS THEY WERE IN IMMEDIATELY PRIOR TO THE LOSS. 
WHOSE OPTION IS TO OF HOW THEY WANT TO SETTLE A CLAIM? - ANSWERS 
THE INSURER 
INSURA...
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NCCP Examination Study Guide Questions & Answers 2024
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NCCP Examination Study Guide Questions & Answers 2024 
 
 
Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. 
Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. 
 
Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). 
 
Trust - ANSWER-Requirements- ...
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Bul 3130 midterm || with 100% Accurate Solutions.
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Contract correct answers an agreement that is freely entered into and that is legally binding on all parties. 
 
Contract Requirements correct answers i. Agreement 
ii. Consideration 
iii. Capacity 
iv. Legality 
 
Agreement correct answers both, together, equate to an agreement 
 
consideration correct answers a legally sufficient bargained for exchange. 
insufficient are gift promises, moral obligations, past considerations, and illusory promises. 
 
capacity correct answers the legal ability...
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NCCP Examination Study Guide Questions & Answers 2024
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NCCP Examination Study Guide Questions & Answers 2024 
 
 
Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. 
Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. 
 
Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). 
 
Trust - ANSWER-Requirements- ...
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NCCP Examination Study Guide Questions & Answers 2024
- Exam (elaborations) • 20 pages • 2024
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NCCP Examination Study Guide Questions & Answers 2024 
 
 
Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. 
Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. 
 
Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). 
 
Trust - ANSWER-Requirements- ...
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NCCP Examination Study Guide Questions & Answers 2024
- Exam (elaborations) • 20 pages • 2024
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NCCP Examination Study Guide Questions & Answers 2024 
 
 
Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. 
Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. 
 
Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). 
 
Trust - ANSWER-Requirements- ...
-
NCCP Examination Study Guide Questions & Answers 2024
- Exam (elaborations) • 20 pages • 2024
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NCCP Examination Study Guide Questions & Answers 2024 
 
 
Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. 
Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. 
 
Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). 
 
Trust - ANSWER-Requirements- ...
-
NCCP Examination Study Guide Questions & Answers 2024
- Exam (elaborations) • 20 pages • 2024
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Available in package deal
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NCCP Examination Study Guide Questions & Answers 2024 
 
 
Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. 
Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. 
 
Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). 
 
Trust - ANSWER-Requirements- ...
-
NCCP Examination Study Guide Questions & Answers 2024
- Exam (elaborations) • 20 pages • 2024
-
Available in package deal
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- $9.99
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NCCP Examination Study Guide Questions & Answers 2024 
 
 
Contracts - ANSWER-Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. 
Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. 
 
Wills - ANSWER-Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). 
 
Trust - ANSWER-Requirements- ...
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Test Bank For Law and Business Administration in Canada, The, 15th Edition by J E. Smyth, Dan Soberman, A J. Easson, Shelley McGill Chapter 1-32
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Complete Test Bank for The Law and Business Administration in Canada, 15th Edition by J.E. Smyth, Dan Soberman, A J. Easson, Shelley McGill ; ISBN13: 9780136963547. (Full Chapters included Chapter 1 to 32)....1.Law, Society, and Business. 2.The Machinery of Justice. 3.Government Regulation of Business. 4.The Law of Torts. 5.Professional Liability The Legal Challenges. 6.Formation of a Contract Offer and Acceptance. 7.Formation of a Contract Consideration and Intention. 8.Formation of a Contract ...
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