Commercial-law Study guides, Class notes & Summaries

ADJUSTER PRO EXAM WITH REVISED ANSWERS (2023) Stu has a collection of rare comic books. He wants to purchase theft insurance for his collection, separate from his home and other property. What term most accurately describes the type of policy Stu would purchase? - CORRECT ANSWER-Monoline Policy Which of the following statements does NOT apply to the Standard Fire Policy? - CORRECT ANSWER-It automatically covers wind and vandalism. Which of the following refers to being restored to the ...

NY Independent General Adjuster Exam - Series 17-70 Questions and Answers 100% Pass Dram Shop Liability refers to: Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? Neglect. To be eligible for the New York assigned risk auto plan a person must: Hold a valid driver's license. Any insurance...

TN Cat 7 Review Questions and Answers with Certified Solutions Which agency is responsible for the enforcement of federal laws and regulations? A. UT B. TDA C. USDA D. EPA D. EPA Which law requires federal registration of pesticides shipped in interstate commerce? A. TIFRA B. FIFRA C. FEPCA D. TAPA B. FIFRA Which law prohibits the use of any registered pesticide in a manner inconsistent with label directions? A. TAPA B. FEPCA C. USDA D. RCRA B. FEPCA Any...

PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant En...

LML4806 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 - UNISA – DUE DATE: - 15 MARCH 2024 (DETAILED REFERENCES) QUESTION 1 Mandla is both a director and shareholder of Cargo Logistics Ltd. He wants to buy more shares in Cargo Logistics Ltd but does not have enough money to do so. He offers to rent out a warehouse to Cargo Logistics Ltd. Cargo Logistics Ltd agrees to pay R1.2 million per annum as rent for the warehouse. Mandla then uses part of the money to purchase 10 000 shares in Cargo Logistic...

Promise - Answer ️️ A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - Answer ️️ The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - Answer ️️ Tangible (touchable), movable personal property Bilateral Contract - Answer ️️ Promise in exchange for a promise Involves promisor and promisee Usually made to a specific person

What agency is responsible for the enforcement of federal pesticide laws and regulations? - EPA Which law requires federal registration of pesticides shipped in interstate commerce? - FIFRA Which law prohibits the use of any registered pesticide in a manner inconsistent with label directions? - FEPCA Any commercial applicator who violates any provision of FIFRA may be assessed a civil penalty of not more than? - 5,000 Which agency is responsible for the protection of health, safety and wel...

Iowa Pesticide Applicator Exam Questions With Correct Answers Intro: Types of pesticide applicators in Iowa - CORRECT ANSWERS Commercial Applicators (another person for compensation); Public Applicators (as employee govt agencies); Noncommercial Applicators (property owned, rented, or leased by the applicator or the applicator's employer); Private Applicators (agricultural); Certified Handlers (preparing, mixing, or loading pesticides) Intro: Describe certification...

contract - correct answer -a legally enforceable promise or an exchange of promises Uniform Commercial Code (UCC) - correct answer --covers the sale of goods -goods are tangible, movable items of personal property -applies to individuals & firms -uniform state law -Article 2: applies to contracts -Section 207: "Battle of Forms" -> Deal still goes through bilateral contracts - correct answer --involve a promise for promise exchange ( mutual promises) -acceptance is before acti...

COMMERCIAL LAW CLA1501 (Chapter 1: The South African Legal System) ORIGINS Roman Law Duch Customary Law Roman-Dutch Law 1652 with Van Riebeeck landing in Cape Town 1814 Law system influenced by English Law SOURCES OF THE LAW Note: Roman law was codified in the Corpus Iuris Civils during reign of the emperor Justinian – was first time law was codified (recorded in one comprehensive legislation) – SA Law not codified. AUTHORITATIVE SOURCE OF SA LAW: 2 types of sources: Authoritative...