Examination Element of M05 Insurance Law Certification Preparation – Latest E05 Exam Dumps Help You More

1. The final court of appeal for a number of commonwealth countries is the

2. The Marine Insurance Act 1906 is an example of

3. A ‘litigation friend’ (‘next friend’) is responsible for litigation costs awarded against a claimant who is a

4. The rule in Rylands v Fletcher may apply when there is

5. For which tort is the claimant never required to prove that he has suffered loss or damage?

6. Katy’s mother bought her an iron, which turned out to be defective and caused a fire. It resulted in damage to Katy’s personal property amounting to £500 and also caused severe burns to Katy’s right hand.

In order to achieve a recovery at law, which legal action should be pursued?

7. An insurance policy would be illegal and void if it is

8. With regard to formation of a contract, consideration must always be a

9. Adam had a contract with a specialist storage company to store some valuable paintings, but damp storage conditions resulted in damage to the paintings. Although Adam’s contract did NOT expressly state the storage requirements had to be suitable, he successfully sued the storage company on the basis that the contract terms were implied

10. An insurance broker grants cover for motor insurance to a 21-year-old proposer. However, the broker’s authority is restricted to only granting cover to drivers aged 23 years and over.

What basis, if at all, is the insurer bound to cover the 21-year-old?

11. Whilst Tim was on holiday, unknown to him his agent made a contract on his behalf. Tim is happy to ratify the contract but he does want to change a minor term. The services under the contract are scheduled to be carried out next week.

What is the legal position regarding ratification of the contract?

12. Alice acted as an agent for Ted in a house clearance sale and has successfully claimed commission by implied agreement. What does this indicate about the commission?

13. In respect of consumer insurance contracts, the duty of utmost good faith means that the

14. Stuart has a joint mortgage with his wife of £60,000 and a personal loan of £5,000, but no other debts. How much insurable interest does his wife have in his life?

15. A proposer for property insurance did NOT inform the insurer that his business premises were protected by a burglar alarm. What are the implications, if any, of this omission once the insurer is on risk and the premium is paid?