Aic 301 exam questions - Study guides, Class notes & Summaries

AIC 301 - final exam prep questions and answers

AIC 301 Exam Questions With 100% Correct Answers Which one of the following statements correctly expresses a distinction between waiver and estoppel? A. Only waiver prevents an insurer from reviving a defense it has forfeited earlier. B. The parol evidence rule applies to estoppel, but not to waiver. C. Estoppel is contractual in nature, but waiver is equitable in nature. D. Estoppel requires resulting injury or detriment by the party asserting it. - answerD. Estoppel requires resulting ...

AIC 301 Exam Questions With All 100% Correct Answers What are the elements of a legally binding contract? - Answer -To be legally binding, contracts must: • Contain an agreement between all parties • Involve parties with the legal capacity to contract • Contain mutual assent • Involve consideration • Have a legal purpose • Be in the form prescribed by law What are the similarities and differences between bilateral and unilateral contracts? - Answer -In bilateral con...

AIC 301 - FINAL EXAM PREP QUESTIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+AIC 301 - FINAL EXAM PREP QUESTIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

AIC 301 2024 Exam Questions and Answers All Correct .What are the elements of a legally binding contract? - Answer-To be legally binding, contracts must: • Contain an agreement between all parties • Involve parties with the legal capacity to contract • Contain mutual assent • Involve consideration • Have a legal purpose • Be in the form prescribed by law What are the similarities and differences between bilateral and unilateral contracts? - Answer-In bilateral cont...

AIC 301 - Final Exam Prep Questions And Answers 100% Verified The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine. - answerA. Negligent entrustment. There was a large unmarked sinkhole on Charlotte's property, a short distance from ...

AIC 301 Exam Questions With 100% Correct Answers Which one of the following statements correctly expresses a distinction between waiver and estoppel? A. Only waiver prevents an insurer from reviving a defense it has forfeited earlier. B. The parol evidence rule applies to estoppel, but not to waiver. C. Estoppel is contractual in nature, but waiver is equitable in nature. D. Estoppel requires resulting injury or detriment by the party asserting it. - answerD. Estoppel requires resulting ...

AIC 301 Exam Questions With 100% Correct Answers Which one of the following statements correctly expresses a distinction between waiver and estoppel? A. Only waiver prevents an insurer from reviving a defense it has forfeited earlier. B. The parol evidence rule applies to estoppel, but not to waiver. C. Estoppel is contractual in nature, but waiver is equitable in nature. D. Estoppel requires resulting injury or detriment by the party asserting it. - answerD. Estoppel requires resulting ...