M05 BRAINDUMPS PDF & M05 VALID EXAM EXPERIENCE

M05 Braindumps Pdf & M05 Valid Exam Experience

M05 Braindumps Pdf & M05 Valid Exam Experience

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Tags: M05 Braindumps Pdf, M05 Valid Exam Experience, Exam M05 Cram, New M05 Test Camp, New M05 Test Objectives

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CII Insurance law (IL) Exam Sample Questions (Q105-Q110):

NEW QUESTION # 105
Under the provisions of the Contracts (Rights of Third Parties) Act 1999, the right to enforce a contractual term arises if a third party.

  • A. is the agent who arranged the contract.
  • B. is one of a general class of persons identified in the contract as benefitting from the contract.
  • C. proves that the parties to the contract intended to limit his rights.
  • D. appoints an agent to carry out the contract provisions.

Answer: B


NEW QUESTION # 106
The Chancery Division is a division of the:

  • A. County Court.
  • B. Magistrates Court.
  • C. High Court.
  • D. Crown Court.

Answer: C

Explanation:
The Chancery Division is one of the three divisions of the High Court in the United Kingdom, dealing with matters such as business law, trusts, and intellectual property.


NEW QUESTION # 107
John owns stock that he intentionally insured for £15,000, although the full value of the stock is £18.000. His insurance policy has no excess and is subject to a pro rata condition of average. In the event of water damaging £6.000 of John's stock, how much will the insurer pay for a valid claim after the application of average?

  • A. £6,000
  • B. £3,000
  • C. £5,000
  • D. £15,000

Answer: C


NEW QUESTION # 108
A manufacturer was under contract to pay a supplier El .000 on receipt of the delivery of raw materials.
However, the supplier failed to deliver and the manufacturer had to purchase identical materials from another supplier for £1,200. What amount of damages is the manufacturer legally entitled to claim from the supplier who failed to deliver?

  • A. £1,000
  • B. £2,200
  • C. £1,200
  • D. £200

Answer: D


NEW QUESTION # 109
Fred knew Susie wanted to sell her car. On behalf of Susie, Fred agreed the sale of the car to Tina for £5.000.
That evening, Susie ratified Fred's agreement with Tina The next day. Tina decided NOT to proceed with the purchase What is Susie's legal position in these circumstances?

  • A. She can sue Tina for breach of contract.
  • B. She can sue Fred for breach of agency agreement.
  • C. She can sue both Fred and Tina jointly for breach of good faith.
  • D. She has no legal right to sue.

Answer: D


NEW QUESTION # 110
......

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