Prevents the company from denying a claim after the policy has been in force for 2 years
Q: Rita, a delivery agent of Beras Sdn. Bhd., has decided to conduct a quick sale of Beras Sdn. Bhd.’s…
A: The agent is used to allow the addressee to realize the package was delivered to someone else, not…
Q: Suraj purchased a mobile phone from an authorized showroom of a specific brand, after taking the…
A: It is extremely important for a customer to get his mobile checked before leaving the shop.This…
Q: A doctor has decided to buy lunch for his office staff. The receptionist has been asked by the…
A: When your employee experiences a business related injury or disease, there are a few stages you…
Q: Product liability is the responsibility of a manufacturer for any injuries or damages caused by a…
A: Product liability holds a manufacturer or seller liable when he delivers a defective of faulty…
Q: 1. Do you believe a guest who has agreed to be responsible for her own injuries during a workout has…
A: A Small Introduction of Management Management is the accomplishment of hierarchical objectives in…
Q: In November, Lansing Corporation provided a free turkey or ham to every employee who asked for one.…
A: Employment refers to the agreement between two parties (organization or employer and employee).…
Q: The right to introduce any product in any size and style, provided it is not hazardous to personal…
A: Consumer rights came into existence to protect customers from harm. Consumer rights include: Right…
Q: rahul purchased a mobile phone from an authorized showroom of a specific brand, after taking the…
A: Since the mobile phones of almost every specific brand have a warranty starting from minimum one…
Q: fter two years of research and the investment of considerable funds, coast-to-coast company (cc)…
A: The company 'C' can file a suit against the company 'N' in terms the 'patent' legal resource.
Q: What can you do to assist a consumer who has been in contact with several agents without receiving…
A: Dealing with middlemen is fraught with danger.
Q: Labels may carry details of written, or express, warranties.; True or False
A: Labelling is the process of identifying a product by attaching a label that contains information…
Q: A defense in a case where the patient uses a product in a manner in which it was not intended to be…
A: Torts define the legal violations where one individual (party) endures agony from another individual…
Q: policy valuable consideration or inducement specified in the policy is not considered a rebate.…
A: Large retailers frequently collaborate with manufacturers; these deals typically call for two or…
Q: Identifying Illocutionary Acts. Choose among Assertive, Comissive, Declaration, Directive or…
A: Illocutionary act is the act of doing something. These Illocutionary acts are classified as five…
Q: Which of the following would be considered a breach of contract? acceptance of nonconforming goods…
A: A breach of a contract refers to a condition in which either of the party refuses to perform there…
Q: All of the following are considered improper claims practices Except Knowingly…
A: An insurer's inappropriate avoidance of a claim or an attempt to decrease the magnitude of the claim…
Q: mention the principles and introduction to general motors (the company)
A: Principles are the pointers which states the beliefs and values of an organization.They form the…
Q: Which of the following will a patent protect? A brand name An artistic work A logo A manufacturing…
A: Answer : 4) is correct Answer . A manufacturing process
Q: Local camping supply store, Happy Campers, has been sued by an angry customer for breaching ACL s…
A: The consumers in the particular area are covered and protected by consumer law. The sellers in the…
Q: Seller entered into a contract to sell goods at a contract price of $2,000. At the delivery date,…
A: This question belongs under the Sales Act. In this case, the buyer was expecting the goods will be…
Q: In the above case, the seller points to the fine print on the product, which states that the product…
A: Agreements between two parties for exchange of goods or services is called as a contract. The…
Q: Produksi Jitu Sdn Bhd produced a Malay film called ‘Legenda Ratu Hijau: Puteri Saadong’. Mr Alex a…
A: Here the case is all about faulty or defective products sell to the customer. The film producer…
Q: Explain the complexities involved with product warranties. Please be sure to address all forms and…
A: A product warranty is defined as the promise undertaken by a company or firm to resolve any kind of…
Q: - Slips, trips and falls is Physical hazard O Ergonomic hazards O Electrical Hazards Psychosocial…
A: Disclaimer- "Since you have asked multiple questions, we will solve the first question for you. If…
Q: "Warranties.Harold Moore bought a barrel-racing horse named Clear Boggy for $100,000 for his…
A: An implied warranty is done by the seller that the product which he/she is offering is fit for the…
Q: Explain the complexities involved with product warranties. Please be sure to address all forms and…
A: Product warranty is a promise of quality and performance of the product by the organization. Product…
Q: A sales representative in a shopping centre handed Karl a flyer promoting a style cut and shave for…
A: A business flyer is just a banner or a single sheet that is presented to highlight a business…
Q: Personal selling in the time of COVID-19
A: Personal selling is a face-to-face selling strategy used by a salesperson to influence a consumer to…
Q: Define what is meant by inherent risk.
A: Inherent risk is a natural level risk that occurs in a process or a system. Not much can be done to…
Q: How does a breach of warranty works?
A: Breach of warranty refers to a scenario whereby the seller failed to deliver the warranted promises…
Q: Describe a situation in which high efficacy was demonstrated
A: Self-efficacy can be explained as the concept that includes the personal judgment that explains how…
Q: If a claim is not testable, then it cannot be falsifiable, and thus, it is not scientific True or…
A: The research is the process that requires significant efforts to do primary or secondary research to…
Q: List 5 claims that are made in the advertisement for the ultrasonic pest repeller.
A: Advertising can be stated as the one-way communication approach whose purpose or motive is to inform…
Q: L.L. Bean sends a catalogue to Olivia. A letter addressed to Olivia is attached to the cover of the…
A: The price negotiation process can be defined as a process whereby two parties come together to reach…
Q: s Iran—a foreign nation—exempt in these circumstances from the jurisdiction of U.S. courts
A: The facts of the case:1) BHT manufactures the Jet Ranger and holds the patents and the trade dress…
Q: is an agreement to use another company's brand on its products for a fee.
A: In an organization, the structure, culture, framework, and design play key roles in determining the…
Q: Evan went to the Greytation to pick up a friend. While crossing the street he was accidentally hit…
A: Comparative responsibility (known as comparative fault in some jurisdictions) may be a doctrine of…
Q: X bought a skin whitening product she saw on tv because it was claimed to be "the best in the market…
A: Advertisements are created by the companies to accomplish the marketing objectives efficiently. It…
Step by step
Solved in 2 steps
- 1. Reinstatement of a life insurance policy requires an insured to take all of the following actions EXCEPT: A. provide evidence of insurability B. make collateral assignment to the insurer C. pay back interest on any outstanding policy loa D. pay all past-due premiumsNon-forfeiture provisions are included in whole life and endowment policies to assure the policyowner that certain minimum policy benefits shall remain with him even under certain changed conditions. Non-forfeiture values guarantee to the policyowner that A) No death claim will be denied for any misstatement on the application B) Any guaranteed policy values will belong to the policy owner even if premium payments are discounted The face amount of the policy will remain the same even if the insured's health becomes impaired The premium on the policy will remain the same even when another beneficiary D) is added to the policyCalculator A producer has taken an application for an individual Disability Income policy, collected a premium, and given the applicant a conditional receipt, which of CORRECT about this situation? OA COB. O C O D. Since the producer collected a premium when taking the application, the insured is guaranteed coverage as of the date of the application As soon as the insurance company receives the application and premium, it will sue a policy to the applicant with the date of receipt becoming the effective dotos of the policy. The insurance company will issue a policy to the applicant only if the company has sed the applicant a life polley on a standard beds within the previous 6 months The Insurance company will complete standard anderweiting procedures before making a decen about whether to insure the applicant
- Janelle acquires a used seven-year class asset on November 3, 2020, for $40,000. She does not elect to expense any of the asset under § 179 or straight-line cost recovery. No election for additional depreciation is made. She sells the asset on December 4, 2021. This is the only asset she acquires in 2019. Determine Janelle’s cost recovery depreciation in 2020 and 2021.7 which of the following statements is correct about an ordinary life policy A premium payment can be increased or decrease at the discretion of the premium payer B the beneficiary designation can be changed to another person only if that person a medical examination C the policy owner may borrow against the cash value of the policy D The named beneficiary must submit evidence of continuing insurable interest in the life of the insured33) The act of forbearance of some deed at the request of the guarantor is usually consideration to the guarantor in a contract of guarantee. a. True b. False 34) A guarantee occurs when a third party agrees to pay off a loan made to another. a. True b. False 35) Exemption clauses in insurance contracts are strictly interpreted by the courts. a. True b. False 36) An offer to purchase life insurance is accepted when the agent provides the applicant with an insurance binder. a. True b. False 37) A comprehensive general insurance policy is one that covers most types of damage or loss to an insured's property as well as providing third party liability. a. True b. False 38) Subrogation allows an insurance company to recover its loss from the person(s) responsible without having to pay the insurance proceeds to the insured. a. True b. False 39) An insurance contract is one that is usually said to require utmost good faith on the part of the…
- The offer can be terminated for all of the following reason except Select one: a. Lapse of time Ob. A revocation of the offer by the offeror c. The fulfillment of a required condition d. A rejection of the offer by the offereethe purpose of coinsurance clause is to? require the insurer to pay the losses in full encourage the insured to insure property to full value c)allow the insured to choose any amount of coverage d) permit other insurance on the same property17. Elizabeth Ellis sells a business asset for $10,000. Assume that Elizabeth has owned the asset for several years; that the original cost was $6,000; and that Elizabeth has claimed no depreciation deduction during the period of ownership and use. Assume that Elizabeth would have deducted $2,000 if she had claimed depreciation. Assume also that Elizabeth will not file amended returns to correct any prior year returns. How should Elizabeth report the sale? Ignore any potential depreciation recapture. Gain of $6,000 and expense of sale deduction for AGI of $2,000 Gain of $6,000 and a deduction from AGI of $2,000 Gain of $4,000 Gain of $4,000 and itemized deduction of $2,000 A B D None of the above
- Joe took out a loan to purchase a new house. In return, Joe's lender placed a lien on the property. Is this legal? O No. Only Joe can place a lien his property. O No. A lender is never allowed to place a lien on a property as long as the borrower is up-to-date ontheir payments. О Yes. This is a voluntary mortgage lien that allows the lender to foreclose on the property if Joe defaults on the loan. O Yes. However, the lien is only valid for 12 months.16) Goods means every kind of immovable property other than actionable claims and money. a) True b) False 17) Faiz meets Farhan, a car dealer and tells him that he wants a car that can move 20km/liter. Farhan promotes one of the cars in the showroom and says that it suits the purpose. Faiz buys the car by relying on Farhan's representation. Subsequently Faiz finds that the car can move 15km/liter. The above situation is an example of breach of warranty. a) True b) FalseSue Flay's Cakery promises to pay Oscar Ruitt not to park in a city-designated no-parking zone in front of her store. This agreement is: (Choose all of the correct answers.) Not enforceable because Oscar Ruitt has no legal right to park in a city-designated no-parking zone Not enforceable because Oscar Ruitt never made any enforceable promise to Sue Flay's Cakery Not enforceable because Oscar Ruitt is merely making an illusory promise Enforceable because Oscar Ruit is giving up the right to do something he would otherwise have the right to do Enforceable because Sue Flay's Cakery is offering legally sufficient consideration to Oscar Ruitt