Which of the following statements respecting claims, if any, is TRUE?
A) The insured, pursuant to the policy, usually must give immediate notice of a claim to the insurer.
B) The limitation period in which to bring an action on a contract of insurance is two years and that cannot be shortened by terms of the policy
C) If an injured party has property insurance and gets paid in full,they cannot sue the person who caused the damage as that would be double recovery
D) An insured may be awarded punitive damages if an insurer deals with a claim in bad faith
E) Both A and D
E
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Answer the following statement(s) true (T) or false (F)
1. CRM applications are used for customer relationship management. 2. The use of CRM alone is often sufficient to ensure customer satisfaction. 3. The customer service process provides direction for the design and delivery of high-value customer service activities. 4. Service recovery is an attempt by a firm to recover from a customer service failure. 5. Customers should be segmented prior to customer information being collected.
Legal documents should be written with complex sentence structure to reflect the complexity of the law
a. True b. False
Adverse possession of property involves:
A) Possession of the property over a lengthy period of time. B) Putting the property owner on notice of the possession. C) Actually possessing the property. D) All of the above.
XYZ Association, a carpenters' trade union, adopts guidelines intended to curtail questionable and pervasive activity by its members. Which of the following statements is true about the relationship between XYZ and its members?
A. XYZ Association may exert pressure on members to stop engaging in questionable business practices that may harm all firms in the industry, but their pressure is ineffectual. B. Because trade associations exist for the benefit of their members, any measure XYZ takes will benefit the members and the association. C. XYZ may make rules to govern its members, but it has no means to enforce them. D. XYZ may make codes of ethics and rules to govern their members but it must also make sure that these codes and rules do not breach antitrust laws.