Any person can be an agent, regardless of whether he or she has the capacity to contract.
Answer the following statement true (T) or false (F)
True
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The ____________________ area of a block determines what happens if an error occurs.
Fill in the blank(s) with the appropriate word(s).
Sue's office building was damaged by a fire caused by a careless tenant. After paying Sue for the loss, the insurance company sued the tenant to recover its loss. This suit is based on the principle of
A) warranty. B) insurable interest. C) utmost good faith. D) subrogation.
Chris applied for life insurance and paid the first premium on Monday
She was given an insurability premium receipt which specified that coverage was effective on the date of the application or the date of the medical exam, whichever is later. She took the medical exam the following Thursday. She was found to be in perfect health. On which day was her coverage effective? A) on Monday, when she completed the application and paid the first premium B) on Wednesday, two days after completing the application and paying the first premium C) on Thursday when she passed the medical exam D) on Saturday, two days after passing the medical exam
In order to prove the carrier's liability under COGSA in court, the plaintiff must prove that the goods were loaded in a good condition and unloaded in a damaged condition or lost. This is usually done by: A) questioning the captain of the ship as to the condition of the goods
B) testimony from the shipper that the goods were in good condition when loaded into the container. C) producing a clean bill of lading as evidence. D) there is a rebuttable presumption that the goods were damaged when they were unloaded, and the carrier must prove that they were not.