Aic 301 - Final Exam Prep Questions With Correct Answers

Gabriela is an insurance agent selling a property policy to Oscar. Before the policy was issued, Gabriela assured Oscar that he would not have to add a sprinkler system to the building he was insuring. After coverage was bound, there was a fire in the building and Oscar made a claim for the damages. The insurer denied coverage citing a policy provision that the building be sprinklered. At trial, Gabriela's assurance that sprinklers were not needed was Select one: A. Admissible because her statement created an implied waiver. B. Inadmissible because the insurer's receipt of premium created an implied waiver. C. Admissible because the insurer did not inspect the building before coverage. D. Inadmissible because the parole evidence rule applies. {Ans: D. Inadmissible because the parole evidence rule applies.}A product has been making people ill, and a number of the victims have filed a class-action lawsuit against its manufacturer. Which one of the following sets of elements would the trial court consider to certify this as a class action suit? Select one: A. Commonality, numerosity, adequacy of representation, typicality B. Numerosity, commonality, typicality, amount of damages C. Amount of damages, adequacy of representation, commonality, typicality D. Adequacy of representation,