Each automobile policy contains both liability and property damage coverage
Indicate whether this statement is true or false.
Answer: TRUE
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What is the difference between pledging receivables and assigning receivables
A) Pledging involves selling the receivables; assigning involves using the receivables as collateral for a loan. B) Receivables are pledged without recourse; receivables are assigned with recourse. C) Receivables are pledged with recourse; receivables are assigned without recourse. D) There is no difference; these are two terms for the same type of financing arrangement.
In countries where much retailing is in the hands of small, independent retailers, ________ remains an important function of intermediaries and helps perpetuate long channels of distribution
A) breaking bulk B) jobbing C) type of transportation D) information sharing E) reinforcing policies
Unlike tort law, contract law states that:
A. the only duties that a person owes are those that have been explicitly promised to another party. B. no matter how careful a business is in its product, if harm results from use, the business is liable. C. the reasonable person standard can be interpreted in various ways. D. one owes other people certain general duties, even if one has not voluntarily assumed them.
To qualify as an HDC, a person must be the holder of a negotiable instrument that was taken for value
Indicate whether the statement is true or false