Sue's office building was damaged by a fire caused by a careless tenant. After paying Sue for the loss, the insurance company sued the tenant to recover its loss. This suit is based on the principle of
A) warranty.
B) insurable interest.
C) utmost good faith.
D) subrogation.
Answer: D
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Hofstede’s research identified five dimensions on which cultures differ. Which two dimensions do you believe have the greatest potential for miscommunication between members of different cultures? In your essay, make sure to explain each dimension fully and give an example that illustrates each end of the continuum. Then provide clear reasoning as to why you think these dimensions are most likely to lead to miscommunication.
What will be an ideal response?
In preparing adjustments on the work sheet, which of the following accounts most likely would be added to the Account Name column?
a. Telephone Expense b. Retained Earnings c. Income Taxes Payable d. Accumulated Depreciation–Equipment
The United States ranks first in collectivism when compared to other countries
Indicate whether the statement is true or false.
An agent may be liable to his principal if he improperly delegates his authority
Indicate whether the statement is true or false