Parol evidence - Study guides, Class notes & Summaries

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...

UNIT 11 - CONTRACTS 12% Which group of legal instruments may legally be prepared by a licensed real estate broker? a. listing contracts, buyer brokerage agreements, commercial leases, and deeds b. leases, option contracts, promissory notes, and buyer brokerage agreements c. listing agreements, buyer brokerage agreements, sale contracts, and option contracts d. mortgages, promissory notes, commercial leases, and option contracts - c. listing agreements, buyer brokerage agreements, sale ...

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. speculative risks D. investing - A. Only pure risks...

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...

UNIT 11 CONTRACTS 12% Which group of legal instruments may legally be prepared by a licensed real estate broker? a. listing contracts, buyer brokerage agreements, commercial leases, and deeds b. leases, option contracts, promissory notes, and buyer brokerage agreements c. listing agreements, buyer brokerage agreements, sale contracts, and option contracts d. mortgages, promissory notes, commercial leases, and option contracts c. listing agreements, buyer brokerage agreements, sale con...

Arkansas Property & Casualty Practice ExamPay 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 In...

Nondisabling Injury Provision correct answersA 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? correct answersHMOs stress preventive care, rarely assess deductibles, and provide coverage for routine doctor visits and hospital care. Pure Risk correct an...

Important Contractual Concepts: Executory Contract Correct Answer Contract that is not completed immediately; some future act remains to be done to consummate the contract Important Contractual Concepts: Contracts of Adhesion Correct Answer one sided contract -- no negotiating Important Contractual Concepts: Aleatory Correct Answer unequal contract -- one person/party will receive more than another Important Contractual Concepts: Parol Evidence Rule Correct Answer Everything agreed upon...

Florida 215 Exam | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Nondisabling Injury Provision - Answer -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? - Answer - HMOs stress preventive care, rarely assess deductibles, and ...

LPC Notes Advanced Commercial Litigation Revision notes. Detailed working, solutions, memo, notes & explanations. Contents Logic .............................................................................................................................. 8 Express Terms – Identification (1) ............................................................................8 By Signature .................................................................................................................