Question 1

What is the maximum contingency fee percentage under a damages-based agreement that can be charged by a solicitor for personal injury cases and employment tribunal cases respectively?

Options :

A : 35% for personal injury cases and 25% for employment tribunal cases.

B : 25% for personal injury cases and 35% for employment tribunal cases.

C : 35% for both cases.

D : 50% for both cases.

Answer: B

Question 2

Julie has agreed to feed lan's cat whilst he is away on holiday in a remote location. When the cat becomes seriously ill. Julie is unable to contact Ian, so she takes the cat to the vet and also pays the vet's bill. In these circumstances. Julie is best described as:

Options :

A : an express agent

B : an implied agent

C : an agent by necessity

D : an agent by estoppel

Answer: B

Question 3

Which of the following is a typical remedy for an insurer when the insured breaches a warranty?

Options :

A : The insurer must continue to provide coverage, but with an increased premium

B : The insurer may cancel the contract or refuse to pay a claim

C : The insurer can sue the insured for breach of contract

D : The insurer is obligated to reduce the payout amount based on the breach

Answer: A

Question 4

What is the role of a condition precedent in an insurance policy?

Options :

A : It defines the scope of coverage for the policyholder

B : It is a requirement that must be met before the insurer is liable for a claim

C : It outlines exclusions from coverage

D : It ensures that the insurer will cover all risks associated with a policy

Answer: B

Question 5

At what stage is insurable interest required for a marine cargo insurance policy?

Options :

A : At the time of the loss only.

B : Throughout the duration of the contract.

C : At inception of the policy only.

D : At both inception of the policy and at the time of the loss.

Answer: A

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