Which of the following is false regarding the incontestable clause?
A) Applies to misstatement of age
B) Does not restrict suits challenging accidental death benefits
C) Eliminates suits by the insurer if a more hazardous occupation is discovered by the insurer three years after the policy has been in force
D) Was voluntarily added to policies by some insurers
A
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Tydings Auto Center advertised in the local newspaper that all stock was reduced 40 percent below regular price. This advertisement legally constituted a(n)
a. valid offer. b. voidable offer. c. invitation to make an offer. d. binding contract.
Competition is triggered when different firms try to serve customer needs and demands
Indicate whether the statement is true or false
One difference between partnerships and sole proprietorships is that partnerships
A. have a greater chance of long-term survival due to the accountability of each partner to the other. B. take less effort to form. C. have the advantage of limited liability. D. are managed by an elected board of directors.
Forecasting software packages typically report several summary measures of the forecasting error. The most important of these are MAE (mean absolute error), RMSE (root mean square error), and MAPE (mean absolute percentage error).
Answer the following statement true (T) or false (F)