Bill Businessman wants to buy a new car. He goes to the bank to get a loan for the purchase, and signs an agreement to pay $10.00 per month in premiums on a term life insurance policy which names the bank as the recipient of the policy proceeds in the event of his death before the loan is repaid. The bank is a(n):
a. assignor.
b. incidental beneficiary.
c. creditor beneficiary.
d. donee beneficiary.
c
You might also like to view...
Which type of salesperson would routinely be involved in an industrial straight rebuy situation?
A. an order getter B. a missionary salesperson C. a sales engineer D. an inside order taker E. an outside order taker
Residual income is excess of operating income over net income
Indicate whether the statement is true or false
A retailer that uses strategies to enhance long-term mutually beneficial relationships with its customers is considering the ________ of each customer.
A. advertising cost B. marketing value C. lifetime value D. financial cost E. competitive value
Although it lacks sources of timber and oil, Chablis has a plentiful supply of grapes for its many wineries. Which statement about Chablis is true?
A. It has a comparative advantage in wine production. B. It has a comparative advantage in timber and oil production. C. It has an absolute advantage in the production of wine. D. It has an absolute advantage in timber and oil production. E. It has no comparative or absolute advantages.