Apparent authority Study guides, Class notes & Summaries

A, B, C and D allegedly rob a Town Bank, which is located in the city of Cape Town. Members of the South African Police Services (SAPS) are called to the scene of the crime, during which a shoot-out ensues between police and the robbers. Two of the robbers, A and B manage to escape with an undisclosed amount of the loot. C who is holed up inside the bank, is arrested by Sgt. F, whilst trying to walk out through the main door of the bank. D (who is unarmed) is ordered by Capt. G to surrender...

Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...

People that work in funeral service in Texas must hold what type of license to sell funeral or burial insurance? - Answer- "Limited" Funeral Prearrangement Life License or "Full" Texas Legal Reserve Life Agent license For the purpose of this training course, the following terms will be used interchangeably to refer to the same process: prepaid, prearrangement and - Answer- preneed Insurance products which may be used to fund funeral prearrangement contracts must be approved by the - An...

CFP EXAM 2024 WITH 100% ACCURATE SOLUTIONS What are the Laws of Agency (insurance)? - correct answer Express authority, Implied Authority, Apparent authority What are the Exemptions to Filing as an Investment Adviser? - correct answer - Advisor whose only clients are insurance companies - Family office What are the Exceptions to Filing as an Investment Adviser? - correct answer - Banks that are not also investment companies - Lawyers, accountants, teachers - advice is incidental - ...

Nursing Informatics Certification Exam, ANCC Informatics, ANCC Nursing Informatics Certification Review 629 Questions with Answers Meta structure of NI - CORRECT ANSWER The ability of the nurse to utilize data, information, and knowledge to make wise clinical decisions. Definition of Nursing Informatics - CORRECT ANSWER A speciality that integrates nursing science with multiple information and analytical sciences to identify, define, manage and communicate data, information, knowledge and ...

LEB 320F Final Practice Exam Questions with All Correct Answers Which one of the following is not a typical fashion by which an agency relationship ends? Mutual Agreement. Occurrence of a Specified Event. Statute of Limitations. Fulfillment of Purpose. - Answer-Statute of Limitations. There is, generally, no limit on how long one of these relationships can last prescribed by state or federal law. A, B, and D are all usual methods by which an agency relationship may end. Other com...

MGMT 311- Honors Exam 2 Questions with Answers Power of Attorney - Answer-special or general - gives an agent express authority (is the best evidence of express authority) - example: signing spouses name - general: lots of power - special: specific Implied Authority - Answer-is reasonably necessary to carry out express authority, and can be conferred by custom or inferred from the agent's position - details that go along with the written contract Apparent Authority - Answer-Authori...

VA Health and Life Insurance Questions and Answers Already Passed Why would a large corporation choose to self-insure rather than buy an insurance policy from an insurance company? a) to avoid having to comply with individual state laws b) to cover against an occasional but high-severity loss c) to insure against frequent but low-severity losses d) for tax abatement purposes c) to insure against frequent but low-severity losses A large company that is willing and financially able...

What does it mean by "an agent of the Government has only the actual authority, not apparent authority? - ANSWER Government representative can not legally commit the Government beyond the limits of his authority. Who usually has actual authority in Government contracting? - ANSWER Contracting Officer (CO) (p35,36,39) Acquisition planning includes... - ANSWER Process where work/effort of all people/personnel responsible for an acquisition are coordinated and integrated through a plan. ...

A, B, C and D allegedly rob a Town Bank, which is located in the city of Cape Town. Members of the South African Police Services (SAPS) are called to the scene of the crime, during which a shoot-out ensues between police and the robbers. Two of the robbers, A and B manage to escape with an undisclosed amount of the loot. C who is holed up inside the bank, is arrested by Sgt. F, whilst trying to walk out through the main door of the bank. D (who is unarmed) is ordered by Capt. G to surrender...