A person can insure anything in which he or she has an insurable interest.
Answer the following statement true (T) or false (F)
True
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An indirect channel appears to be better than a direct channel when product customization is important
Indicate whether the statement is true or false
Collision and comprehensive coverage is optional in most states unless you are financing your car in which case you must have this coverage to protect the lender
Indicate whether the statement is true or false.
Litigation in federal court often involves parties from different states. In addition, at least how much in dollar terms must be in controversy for a case to be heard in a federal court?
a. $1 b. $10,000 c. $50,000 d. $75,000 e. $100,000
Identify which of the following statements is false.
A. A terminable interest is one that ceases upon the passage of time or the occurrence of some event. B. Some, but not all, terminal interests qualify for the marital deduction. C. To qualify for the marital deduction, property must be includible in the decedent's gross estate. D. Property is not eligible for the marital deduction if it passes to the spouse under the individual's dower rights.