Which one of the following is false concerning the PAP?
A) A pedestrian struck by an automobile can collect under his Medical Payments coverage
B) Defense, settlement, and supplementary payments are in excess of the stated limits of liability in the PAP
C) Other than Collision coverage will pay for theft of the automobile
D) Medical Payments coverage will not pay for the insured's injuries if the accident is the insured's fault
D
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Jacques informed his tenants that the railing on their balcony was unstable and he was in the process of repairing it. In the meantime, one of the tenants stepped out onto the balcony and fell through the railing. The tenant sued Jacques. Under common law, is the landlord liable?
a. The landlord is liable because there was an understanding that the premises would be kept in a safe condition. b. The landlord is not liable because he informed the tenant of the safety issue. c. The landlord is liable because he did not complete the repair in a timely manner. d. The landlord is not liable because there was no expectation of safety.
Spice Company issued $200,000 of 10 percent first mortgage bonds on January 1, 20X4, at 105. The bonds mature in 10 years and pay interest semiannually on January 1 and July 1. Pumpkin Corporation purchased $140,000 of Spice's bonds from the original purchaser on December 31, 20X8, for $125,000. Pumpkin owns 75 percent of Spice's voting common stock.Based on the information given above, what amount of premium on bonds payable will be eliminated in the preparation of the 20X8 consolidated financial statements?
A. $2,500 B. $5,000 C. $2,800 D. $3,500
At least once every three years, companies must take a nonbinding shareholder vote on the compensation of the five highest-paid executives. This is referred to as A)?clawback pay action
B)?voting out the directors. C)?activist investing. D)?say-on-pay.
Justin invests $4,000 in a savings account for two years. The account pays 2% interest compounded annually. How much interest income will Justin earn on this investment?
A) $80.00 B) $81.60 C) $160.00 D) $161.60