Course:
AIC 301
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AIC 301
AIC 301-Test Prep Questions and Correct Answers Latest Update
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Uploaded on: | May 5, 2025 |
Last updated: | May 5, 2025 |
Number of pages: | 7 |
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Type: | Exam (elaborations) |
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Tags: | AIC 301-Test Prep Questions and Correct Answers Latest Update |
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AIC 301 - Test Prep Questions and Correct Answers Latest 2025/2026 | 100% PASS Which one of the following statements correctly expresses a distinction between waiver and estoppel? A. Only waiver prevents an insurer from reviving a defense it has forfeited earlier. B. The parol evidence rule applies to estoppel, but not to waiver. C. Estoppel is contractual in nature, but waiver is equitable in nature. D. Estoppel requires resulting injury or detriment by the party asserting it. - Answer -D. Estoppel requires resulting injury or detriment by the party asserting it. Allison sued George for breach of contract and the term "contractual consideration" was at issue. In court, the term would be given its Select one: A. Legal meaning. B. Technical meaning. C. Dictionary definition. D. Common usage meaning. - Answer -A. Legal meaning.