In Moss VChin,Chin's Insurer,ICBC,made an Offer to Settle a Claim That Was

question 77

Multiple Choice

In Moss v.Chin,Chin's insurer,ICBC,made an offer to settle a claim that was accepted by the public trustee representing Mrs.Moss.ICBC was not aware that Mrs.Moss had died in the interim.ICBC made a unilateral mistake and yet the Court ordered that the contract be rescinded.What was the rationale?

• A) ICBC lacked capacity to make an offer, as only Chin had such a right.
• B) The public trustee lacked capacity to accept an offer, as only Mrs. Moss could do, and she had died.
• C) It is illegal to settle a claim when the claimant is not longer alive.
• D) There was no consideration to support the claim, and therefore the contract was invalid.
• E) ICBC had not misled itself, rather the public trustee had deliberately set out to keep ICBC from discovering the truth.

Understand the biological model of abnormality, especially in relation to chemical imbalances.

Describe the characteristics of dissociative identity disorder.

Understand and identify personality disorders and their maladaptive behavioral patterns.

Grasp the purpose of the DSM in diagnosing psychological disorders.

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Definitions:

Monopoly Power

The ability of a monopoly to set or influence prices within the market due to the lack of competitive pressures.

Net Social Benefits

The total benefits from an action or policy minus the total costs, considering both direct and indirect effects on society.

Purely Competitive Firms

Companies that operate in a market where there are many buyers and sellers trading identical products so that each buyer and seller is a price taker.

Production Cost-curves

Graphical representations that show the relationship between the cost of production and the quantity of output produced.