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Chapter 9 Fundamental Legal Principles

Chapter 9 Fundamental Legal Principles

Chapter 9 Fundamental Legal Principles. Agenda. Principle of Indemnity Principle of Insurable Interest Principle of Subrogation Principle of Utmost Good Faith Requirements of an Insurance Contract Distinct Legal Characteristics of Insurance Contracts Law and the Insurance Agent.

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Rights and Duties of the Funeral Director

Rights and Duties of the Funeral Director

Rights and Duties of the Funeral Director. Sources of Duties Laws and Regulations Common Law Funeral Contract. Laws and Regulations. State Laws: a) permits b) health laws and regs. Federal Laws Local Laws. Common Law/Operation of Law. Reasonable/Prudent Standard 2 duties:

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Chapter 7 ________________ Contract Law

Chapter 7 ________________ Contract Law

Chapter 7 ________________ Contract Law. Contract. -Legally Enforceable Agreement. Expressed - declare Implied - created by action Bilateral - promise exchanged for a promise Unilateral - promise exchanged for performance. Bilateral Contract. Unilateral Contract. Promise for Promise.

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Unit 3

Unit 3

Unit 3. Contracts for the International Sale of Goods. Definition of Contract. A contract is an agreement between two or more competent parties in which an offer is made and accepted, and each party benefits. It is an agreement which sets forth binding obligations of the relevant parties.

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