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

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AIC 301 Test Exam Questions Marking Scheme
  • AIC 301 Test Exam Questions Marking Scheme

  • Exam (elaborations) • 17 pages • 2024
  • AIC 301 Test Exam Questions Marking Scheme A legally enforceable agreement between two or more parties. - Answer -contract The party to a contract making a promise. - Answer -Promisor The party to a contract to whom a promise is made. - Answer -Promisee The relationship that exists between the parties to a contract. - Answer -Privity of contract A person who is not a party to a contract but who benefits from it and has a legal right to enforce the contract if it is breached by eit...
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AIC 301 4, 5, 6 Test Exam Questions Marking Scheme
  • AIC 301 4, 5, 6 Test Exam Questions Marking Scheme

  • Exam (elaborations) • 28 pages • 2024
  • AIC 301 4, 5, 6 Test Exam Questions Marking Scheme Proximate cause - Answer -A cause that, in a natural and continuous sequence unbroken by any new and independent cause, produces an event and without which the event would not have happened. Negligence - Answer -The failure to exercise the degree of care that a reasonable person in a similar situation would exercise to avoid harming others. Tort - Answer -A wrongful act or an omission, other than a crime or a breach of contract, that in...
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AIC 301 Exam Test Study With 100% Correct Ad Verified Answers
  • AIC 301 Exam Test Study With 100% Correct Ad Verified Answers

  • Exam (elaborations) • 11 pages • 2024
  • AIC 301 Exam Test Study With 100% Correct Ad Verified Answers
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AIC 301 - All the terms and definitions Test Exam Questions Marking Scheme
  • AIC 301 - All the terms and definitions Test Exam Questions Marking Scheme

  • Exam (elaborations) • 8 pages • 2024
  • AIC 301 - All the terms and definitions Test Exam Questions Marking Scheme What is a contract? - Answer -A legally enforceable agreement between two or more parties. Who is the promisor? - Answer -The party to a contract making a promise. Who is the promisee? - Answer -The party to a contract to whom a promise is made. What is privity of contract? - Answer -The relationship that exists between the parties to a contract. Who is a third-party beneficiary? - Answer -A person who is n...
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AIC 301 Exam Test Prep Questions With 100% Correct And Verified Answers
  • AIC 301 Exam Test Prep Questions With 100% Correct And Verified Answers

  • Exam (elaborations) • 6 pages • 2024
  • AIC 301 Exam Test Prep Questions With 100% Correct And Verified Answers
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AIC 301 QUIZ/TEST STUDY EXAM |  QUESTIONS & ANSWERS (VERIFIED) |  LATEST UPDATE | GRADED A+
  • AIC 301 QUIZ/TEST STUDY EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

  • Exam (elaborations) • 12 pages • 2024
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  • AIC 301 QUIZ/TEST STUDY EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Market Share Liability Correct Answer: Applies when a product that has harmed a consumer cannot be traced to a single manufacturer. They are liable unless they can prove they could not have made the product involved. A Defense to Fraud Correct Answer: The defendant must make the representation with the intent to influence the other party's action. If the defendant did not intend to deceive, ...
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