Who must have insurable interest in the subject matter

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Reference no: EM132152656

1. Professionals such as doctors, lawyers, and accountants often purchase _____ insurance to protect themselves against claims made by disgruntled patients or clients.

disability

health

term

malpractice

whole-life

2. In the case of life insurance taken on someone else's life, who must have an insurable interest in the subject matter?

the beneficiary

the grantor

the assured

the insurer

the insured

3. A landlord will be liable even if he has no duty to repair but negligently makes repairs that themselves turn out to be dangerous.

True

False

4. The exclusion of implied warranties in general states that _____.

the buyer who has neither examined, nor refused to examine the goods before entering into the contract, may not assert an implied warranty concerning defects an inspection would have revealed

the Uniform Commercial Code does not permit the seller to disclaim, or modify the implied warranty of merchantability, as long as the statement actually mentions "merchantability"

for an implied warranty or merchantability, the disclaimer need not be in writing

for an implied warranty of fitness, the disclaimer need not be in writing

the Uniform Commercial Code does not permit the seller to disclaim, or modify as implied warranty of fitness

5. A _____ is any document that evidences the receipt of goods for shipment issued by a person engaged in the business of transporting or forwarding goods.

waybill

letter of credit

packing list

delivery order

bill of lading

Reference no: EM132152656

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