Some states have enacted laws which prohibit uninsured drivers from suing a negligent driver for noneconomic damages, such as pain and suffering. These laws are called
A) comparative negligence laws.
B) "no pay, no play" laws.
C) financial responsibility laws.
D) unsatisfied judgment laws.
Answer: B
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Answer the following statement true (T) or false (F)
What is the role of the shipping notice?
In a corporate acquisition the:
a. purchase price measures the fair value of the acquired enterprise. b. goodwill reflects the fair value of assets that cannot be separately identify. c. goodwill is an asset because it is part of the fair value of the acquired firm. d. all of the above e. none of the above
What does it mean if a party to a contract has been discharged?
a. It means that person has been "let go" and has terminated the contract. b. It means that person has "transferred" by assigning his or her duties to another party. c. It means that person is "finished" and has no more duties under the contract. d. It means that person has "delegated" and chosen to give up his or her contract rights.