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What you'll be able to do (official learning outcomes)
explain the nature of contractual liability, and identify the rules relating to the formation of a contract
describe the elements which affect the validity of contracts, and explain the circumstances in which a contract may be discharged
explain the nature of agency and its creation
discuss the nature of an agent’s rights, responsibilities, authority and duties
apply the principle of insurable interest to the major types of insurance and reinsurance
distinguish between misrepresentation and non-disclosure
Course contents
Types of contracts. Formation of a contract. Terms of contracts. Discharge of contracts. Remedies in contract. Assignment. Construction (interpretation) of contract. Law of agency. Duties of an agent. Rights of agents. Authority of agents. Contract made by the agent. Termination of agency.
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study INS 306.