Test Questions - Set 3 Flashcards
The final court of appeal for a number of Commonwealth countries is:
A) Crown Court
B) Highcourt
C) Judicial Committee of the Privy Council
D) Supreme Court
C - Judicial Committee of the Privy Council
The rule in Rylands V Fletcher may apply when there is :
A) a defamatory statement
B) fault or negligent by the defendant
C) a negligent misstatement
D) an escape of a dangerous thing from the defendants land
D - an escape of a dangerous thing from the defendants land
An insurance policy will be illegal and void if:
A) an employer liability policy for a company without any employees
B) a household contents policy, insuring a
C) a product liability policy covering fines for health and safety breaches
D) marine cargo policy taken out by person who is not the owner of the cargo
C - a product liability policy covering fines for health and safety breaches
Under English law, an element of statutory control over the wording of consumer insurance policies is imposed by the:
A) Consumer Insurance (disclosure and representations) Act 2012
B) Consumer Protection Act 1987
C) Consumer Rights Act 2015
D) Unfair Contract Terms Act 1977
A - Consumer Insurance (disclosure and representations) Act 2012
To what extent, if at all, does the duty of good faith apply to employees liability insurance?
A) it applies in the exact same way as it does to all other non-consumer insurances
B) it does not apply as it is a compulsory class of Insurance
C) it only applies at inception, of the policy, but is not revived at renewal
D) it only applies to large companies, defined as those are more than 50 employees
C - it only applies at inception, of the policy, but is not revived at renewal
The contractual terms stating that a life insurance policy will not come into effect until the premium is paid is an example of;
A) condition precedent contract
B) condition precedent to liability
C) continuous warranty
D) implied warranty
A - condition precedent contract
Insurance in a companies professional indemnity policy and I was the insurer to avoid paying any losses when an insurer admits responsibility for the loss. This type of clause is:
A) a condition precedent to contract
B) a condition precedent to liability
C) an express warranty
D) an implied warranty
B - a condition precedent to liability
A policyholder has a fire insurance policy which excludes storm and other perils. A fire broke out due to faulty machinery, overheating. At the same time as the fire, a violent storm blew the roof off the buildings and caused a power cut, so the fire alarm did not operate, which led to more serious fire than would have occurred otherwise. For what damage if any, would the fire insurers be liable?
A) fire damage only
B) fire damage, only less reduction for the fire alarm being non-operational
C) fire, damage and storm damages, as they are concurrent causes
D) no damage
A - fire damage only
The UK Parliament consists of:
choose more than 1
A) House of Commond
B) House of Lords
C) Monarchy
D) Privy Council
E) Supreme Court
A - House of Commond
B - House of Lords
C - Monarchy
In contract law, acceptance of an offer:
choose more than 1
A) maybe achieved by taking no action
B) maybe implied by conduct
C) may vary terms of the offer
D) must be made in writing
E) must exactly much the terms of the offer offer
B - maybe implied by conduct
E - must exactly much the terms of the offer offer
An agency will be automatically terminated:
A) by lapse of time, if the agreement was created for a specific period of time
B) by mutual agreement of the parties
C) by performance of the task specified in the agreement
D) on bankruptcy of the agent
E) on death of the principal
A - by lapse of time, if the agreement was created for a specific period of time
B - by mutual agreement of the parties
C - by performance of the task specified in the agreement
E - on death of the principal
