Rescind - Study guides, Class notes & Summaries

adverse possession - the transfer of title when a person develops legitimate ownership interests in another person's property through an openly hostile and continuous occupation of the land -when a property owner "sleeps on his rights" 2 closing processes - 1. the closing of the loan between the buyer and the lender 2. the closing on the property (execution of the sales contract) abstract of title - complete history of all recorded events affecting title to the property acceleration cla...

Unilateral Contract a contract that legally binds only one party to contractual obligations (one-sided) Unintentional torts -the result of acting without proper care (referred to as negligence) *insurance will only respond to this type of tort *a.k.a, losses other than those acts by an insured that are deliberate and intended to cause loss or damage Intentional tort is any deliberate act that causes harm to another person regardless of whether the offending party intended to...

CA property & Casualty practice exam Questions and Answers 100% Pass Bob is thinking about obtaining insurance because he just found out he needs extensive surgery that will require several days in the hospital. This situation of waiting until the last minute to obtain insurance is known as: - Correct Answer ️️ -Adverse Selection According to the California insurance law, either party may rescind a contract for any of the following reasons EXCEPT: - Correct Answer ️️ - - Correct A...

PSI: Life, Accident, & Health Exam Questions & Answers (Complete Solutions)-What happens under a misstatement of age clause on a disability policy? 1. The policy would be terminated and all premiums would be returned to the policy owner. 2. The policy would be terminated and all premiums would be retained by the insurance company. 3. All amounts payable under this policy shall be what the premium originally would have purchased and been paid at the correct age. 4. Prior to any benef...

According to the California Insurance Code, what is "insurance"? - A contract Which of these statements correctly describes risk? - Pure risk is the only insurable risk Only pure risks are insurable Which of the following does NOT have to be included on life insurance policy illustrations? - Statement that all values and benefits are guaranteed An agent's attempt to stop the replacement of an existing life insurance policy is known as - conservation If a material warranty violation on ...

Authorized stock that has not been sold or distributed is referred to as correct answers Unissued stock The term for active stock that represents the # of shares owned by the public is correct answers Outstanding stock A person wishes to open an account with you without giving financial status and is not certain of objectives. you may: correct answers accept an order only if it is unsolicited The administrator ha the authority to amend or rescind a provision of the USA: correct answers ...

Bob is thinking about obtaining insurance because he just found out he needs extensive surgery that will require several days in the hospital. This situation of waiting until the last minute to obtain insurance is known as: correct answer: Adverse Selection According to the California insurance law, either party may rescind a contract for any of the following reasons EXCEPT: correct answer: correct answer: One party intentionally omits information from the other party. correct ans...

Oregon Real Estate exam Review Questions and answers, Graded A+/ verified. Constructive eviction - -Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance - -Mutual agreement to terminate lease The residential landlord and tenant act - -Covers leased structures used as home, residence or sleeping place. EXCLUDES nursing homes, lease to own, dorms, frats, resident managers homes Law of agenc...

Post Pellet B Test (Vocabulary-Same Meaning) Rated A+ Only his TENACIOUS grip enabled him to hang onto the sheer cliff face. A. Lively B. Fragile C. Persistent D. Complicated C The story seemed CREDIBLE but the investigators still needed to follow up on it. A. amazing B. believable C. dirty D. crumply B Only the most PARTISAN supporters of the team believed the coach's story. A. ignorant B. uninterested C. festive D. supporter D The PREMISE of the movie was ...

California Life, Accident, and Health Insurance Final Exam || All Questions and Answers Verified || Latest ( 2023/2024) Graded A++ California Life, Accident, and Health Insurance Final Exam Questions and Answers 1. A moral hazard: is a dishonest person (lacking in morals) 2. A morale hazard: a careless person. 3. A peril: is a cause of loss 4. Pure risk: is insurable & includes only a chance of loss. 5. The highest premium: would be found with a substandard risk classification. 6. Agent...