Learn about the term 'Insured Contract' in Liability Insurance, which specifies the limit of contractual liability coverage for agreements such as leases, easements, and business-related contracts.
Learn about fraud, a form of dishonesty and deception intended to achieve personal gain at the expense of another individual or company. Discover its implications, examples, and how it is addressed legally.
Explore the concept of an implied warranty in legal terms. Understand what an implied warranty is, its implications, and how it protects consumers without being explicitly stated.
Explore the legal concept of imputed acts where actions performed by an agent are considered those of the principal. Learn how imputed liability works in various legal scenarios.
Understand the legal doctrine of respondeat superior, which holds employers liable for the wrongful acts of their employees. Learn the implications and applications in the workplace.
Learn about market conduct in the insurance industry, encompassing sales, marketing, and product issuance, ensuring compliance with laws and regulations.
Learn about the liquidation of an insurer, a process undertaken when an insurance company can no longer meet financial obligations and faces unavoidable dissolution.
Learn about breach of contract, a common legal issue where one party fails to fulfill their contractual obligations, and its implications in law and insurance.
Learn about vicarious liability, a crucial legal principle where individuals or entities are held liable for acts committed by others under specific conditions. Essential knowledge for those in the insurance and legal fields.
