Question
The person other than the insured or insurer who has
incurred losses or is entitled to receive payment due to acts or omissions of the insured is called?Solution
A third party is an individual or entity that is involved in a transaction but is not one of the principals and has a lesser interest. An example of a third party would be the escrow company in a real estate transaction that acts as a neutral agent collecting the documents and money that the buyer and seller exchange when completing the transaction. As another example, if a debtor owes a creditor a sum of money and hasn't been making the scheduled payments, the creditor is likely to hire a third party, a collection agency, to ensure that the debtor honours his agreement.
Statements: C ≤ E ≥ F > D; A > I ≥ G ≥ E; H = L < A
Conclusions:
I. L = C
II. I ≥ F
III. A > D<...In which of the following expressions will the expression ‘S > Y’ and ‘R > Y be definitely true?
Which of the following symbols should replace the sign ($) and (*) respectively in the given expression in order to make the expression T ≥ Y and A ...
Statements: Q © E, S % C, E $ S, C @ A
Conclusions:
I. A © C
II. S % A
III. C © Q
Statements: H ≥ D = R > I < M > U > P ≤ N
Conclusion I: H > R
II: P < M
Statement: A > B = E < F > H; I ≤ D < C; H > G > C
Conclusions:
I. F > I
II. I < G
III. B < G
Statements:
A > B ≥ C > D ≤ V < L; D > G > Q
Conclusions:
I) B > Q
II) L < G
...In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and t...
Statements: R > S ≥ T = U < V ≤ W; X ≥ Y = Z < U = M ≥ N
Conclusions:
I. S ≥ M
II. T < X
III. W > N
Statements: 21 < 51 = 71 ≤ 61 < 11; 32 < 81 ≤ 91 =51
Conclusions:
I. 11 > 81
II. 21 > 32
III. 32 ≥ 21
