9. Which of the following statements are correct in relation to Carlill v Carbolic Smoke Ball Company (1892)?Select all that apply.O The newspaper advert was an offerO Mrs Carlill did not need to communicate her intention to accept the offerO The advert was a mere sales puffO The newspaper advert was an invitation to treatO A valid unilateral contract was formed between the partiesO Mrs Carlill accepted the offer by fulfilling the conditions in the advert

Contract is a legally binding agreement which can be entered between two parties in an arms length…

Answered: 9. Which of the following statements…

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Under a Commercial General Liability policy, which of the following actions is an obligation of the insurer? OA. To inspect the insured premises for safety OB. To renew the policy period from the date of loss OC. To pay claims only when there has been a judgment against the insured To pay a daim for which the insured has been found legally responsible OD
Q1. To prevail in an action brought under common law, the plaintiff must show all of the following except: (in your response, explain the burdens of proof for a third-party plaintiff under common law). Q2. Kerry CPA is the auditor for Sammy Corp. During the audit, Kerry discovers a material misstatement in Sammy's financial statements. Sammy's management tells Kerry that if the misstatement is corrected or if Kerry issues an opinion that indicates there is a material misstatement, Sammy Corp. will likely have to declare bankruptcy and thousands of employees will lose their jobs. Which of the following statements is true if the misstatement is not corrected and Kerry issues an unqualified opinion on Sammy's financial statements? (in your response, identify the court case that makes Kerry liable to any person who suffered a loss as a result of the fraud).
Which of the following sections of an insurance contract limits coverage? A Waiver of Premian OB OC OD. Conditions Exclusions Declarations
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In the case of a contract for sale by sample there is an implied condition of all the following EXCEPT: That the goods will be free from any defect, rendering them un-merchantable, which would not O a. be apparent on reasonable examination of the sample. O b. That the buyer will have a reasonable opportunity of comparing the bulk with the sample C. That the bulk will correspond with the sample in quality O d. That the bulk of items will on average correspond with the sample quality
Anticipatory repudiation can occur in which of the following ways? I. A statement by one party of its intent not to perform. II. An action by the promisor that rendered performance impossible. III. Knowledge by the parties that one party may be unable to perform despite both parties' efforts. IV. After a contract has been discharged. Multiple Choice II and III. I and II. I and III. III and IV. I, II, and III.
If a prospect does NOT submit the initial premium with an application, the producer Su A refuse the application submit the application to the insurance company and advance the premium for the prospect from the agency account submit the application to the insurance company without the premium give the applicant a conditional receipt and send the application to the insurance company without the premium OB OC. OD
29 of 75 If a buyer does not make inspections during the inspection period, the standard purchase and sale agreement automatically extends the inspection period unless the seller objects. requires the buyer to accept the property "as is." requires the seller to have the inspections performed at the buyer's expense. states that the closing date will be postponed subject to negotiation.
Offer, acceptance, and consideration are necessary elements of A a warranty a representation a contract insurable interest B. D
after a salesperson inspected a property and completed a brokerage engagement, the seller examined and signed that contract. And Georgia, if the salesperson sponsoring broker had mentioned in the salesperson written affiliation agreement that the salesperson could sign a listing agreement as the agent, because this person legally have done so? Yes, because the seller had already examined and signed the contract Yes, because the salesperson was the agent of the broker No, unless the salesperson had completed all the education courses required of a broker No, because a sponsoring broker was the sellers agent
(12) The agreement which caused by fraud, coercion and misrepresentation is called..... a) Void b) Voidable c) Partially void

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