Which of the following statements is false?
A)
Insurance companies share information on the claims experience of their insureds.
B)
A good credit score can lower your insurance premiums.
C)
Insurance companies cannot refuse to insure you because you have filed a number of small claims.
D)
Renter's personal property is not insured under the landlords insurance policy.
C
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According to the Uniform Commercial Code (UCC), if one or both parties are nonmerchants, additional terms proposed by the offeree automatically become part of the agreement unless the offer expressly limited acceptance to its own terms.
Answer the following statement true (T) or false (F)
Gary, Peter, and Chris own a firm as partners. Gary has a capital balance of $22,000; Peter a capital balance of $42,000; and Chris has a capital balance of $32,000. As per the partnership agreement, Gary gets a profit share of 2/9; Peter has 4/9; and Chris has 3/9. Which of the following is TRUE, if Gary withdraws from the partnership by receiving $22,000?
A) Peter, Capital and Chris, Capital will be credited for $11,000 each. B) Gary, Capital will be debited for $22,000. C) Cash is debited for $22,000. D) Peter, Capital will be credited for $22,000.
Which one of the following is an example of Max Weber’s traditional authority?
a. Prince Charles, because he is next in line to the throne b. 50 Cent because he sells millions of records c. Carson from Queer Eye for the Straight Guy d. All of the above?
One of the key roles of an arbitrator is to interpret the language of a contract, even when that language is unclear or ambiguous. Describe the rules that arbitrators apply to try to fairly interpret the contract.
What will be an ideal response?