[Aug 18, 2022] Latest E05 PDF Dumps & Real Tests Free Updated Today [Q22-Q37] – IT Certification Exam Questions & Answers

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[Aug 18, 2022] Latest E05 PDF Dumps & Real Tests Free Updated Today

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NEW QUESTION 22
A claimant may possibly recover money transferred under an illegal contract when

the illegality makes the contract voidable rather than void.

both parties to the contract are equal in wrongdoing.

the contract is against public policy but not substantive law.

the legal portion of the contract can be severed from the illega portion.

NEW QUESTION 23
Why may an insurer insert a continuing warranty into an insurance policy?

To ensure that underinsurance is avoided at all times.

To enable an insurer to charge an additional premium if the warranty is continually breached.

To maintain the annual aggregate limit of liability throughout the policy period.

To encourage good risk management by the insured throughout the policy period.

NEW QUESTION 24
A warranty in Emily’s personal travel insurance policy states that cash must be kept in a locked safe. Whilst on holiday, a storm destroys her hotel and its contents. When Emily completes a claim form for loss of money, she admits that her cash was NOT locked in the safe. What will be the insurer’s likely response to her claim for the lost money?

Pay the claim in full.

Reject the claim for breach of warranty.

Make an ex-gratia payment.

Avoid the policy ab initio.

NEW QUESTION 25
Within what time period, from the date when the damage first began, does the owner of an office block have a right to sue the builder for negligent construction work?

3 years.

6 years.

9 years.

15 years.

NEW QUESTION 26
The test of the materiality of facts in an insurance contract is defined according to the opinion of a

prudent underwriter.

diligent broker.

reasonable person.

honest proposer.

NEW QUESTION 27
A riot results in a shop being damaged and the shopowner’s insurer settling the claim. A subrogation right enabling the insurer to sue the police authority arises under

tort.

a condition subsequent to liability.

a condition precedent to liability.

statute.

NEW QUESTION 28
In terms of private motor insurance, a renewal offer can be accepted

by the proposer acting in reliance of the offer.

only by written communication.

only by the proposer personally.

by any third party.

NEW QUESTION 29
For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the characteristics of a corporation aggregate?

It is an organisation with a separate legal existence to its membership.

It is not treated as a separate legal entity.

It is answerable to its shareholders or members.

It is a legal person representing one official position.

NEW QUESTION 30
What is the most common for of corporation?

Registered corporation.

Chartered corporation.

Corporation sole.

Statutory corporation.

NEW QUESTION 31
The branch of law particularly relevant when handling negligence claims is

administrative.

constitutional law.

public law.

civil law.

NEW QUESTION 32
A household insurance policyholder leaves his home to go to work without setting the burglar alarm. Whilst he was out, his new tumble dryer overheats and causes fire damage to the kitchen. In what circumstances may the insurer legally reject a fire claim?

If there is a subrogation action against the manufacturer of the tumble dryer.

If the policyholder exaggerates the value of the claim.

If there is a breach of a warranty requiring the burglar alarm to be set.

If the tumble dryer is covered by extended warranty insurance.

NEW QUESTION 33
According to statute law, an unfair term in a consumer insurance contract is defined as one which

provides insurance where the scope of cover is narrow compared to the premium charged.

causes a significant imbalance in the parties’ rights to the detriment of the consumer.

has been individually negotiated and is to the detriment of either one of the parties.

does not restrict liability for death or personal injury.

NEW QUESTION 34
John owns stock that he intentionally insured for £15,000, although the full value of the stock is £18.000. His insurance policy has no excess and is subject to a pro rata condition of average. In the event of water damaging
£6.000 of John’s stock, how much will the insurer pay for a valid claim after the application of average?

£3,000

£5,000

£6,000

£15,000

NEW QUESTION 35
When, if at all, does the duty of fair presentation of a risk apply after a non-consumer insurance contract has been formed?

From the date of a breach of warranty.

It does not apply as the duty is to take reasonable care not to make a misrepresentation.

Where there is a variation in the insured risk.

On submission of a claim.

NEW QUESTION 36
Which divisional court of the High Court includes a Commercial Court?

Queen’s Bench Division.

Partnership Division.

Chancery Division.

Family Division.

NEW QUESTION 37
For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the main sources of new English Law?

International treaties.

Case law.

Legislation.

Official law reports.

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