Massachussets 2b&2a Hoisting License Exam 2024/2025 /complete Actual Exam Questions And Correct Answers

MASSACHUSSETS 2B&2A HOISTING LICENSE EXAM 2024/2025 /COMPLETE ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+. Massachusetts 2B Hoisting License What are the two components of an agreement? - ANSWER-Offer and acceptance. Elements of a legal contract - ANSWER-1. Agreement 2. Consideration 3. Competent Parties 4. Legal Purpose Property and Liability Policy - ANSWER-Owned by the policy owner. It is a personal contract. Who is not considered to have legal capacity? - ANSWER-1. Minors 2. Insane Persons 3. Individuals Under the Influence 4. Person Coerced 5. Enemy Aliens 6. Convict Unilateral - ANSWER-An act in exchange for a promise or a promise exchanged for an act already performed. Adhesion - ANSWER-Drafted by insurer, accepted by applicant. Aleatory - ANSWER-Unequal payment or consideration.Conditional - ANSWER-Specific expectations must be met in order for the contract to be executed. Utmost Good Faith - ANSWER-Each party must tell the truth. Representations - ANSWER-Statements made by applicant recorded on the application. Material Misrepresentation - ANSWER-An untrue statement that would cause rejection. Warranty - ANSWER-A statement guaranteed to be absolutely true. Concealment - ANSWER-Failure to disclose. Fraud - ANSWER-Deliberately deceiving. Waiver - ANSWER-Intentional abandonment or voluntary relinquishment of a known right as found in