What are the risks associated with term insurance policies?
A) You may need to have insurance coverage past the term expiration date.
B) The cash value does not earn a decent return.
C) The renewal premium may be cost prohibitive.
D) Both A and C are correct.
Answer: D
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Unless an assignment agreement clearly indicates a contrary intent, courts today tend to interpret assignments as including a delegation of the assignor's duties. A promise on the part of the assignee to perform these duties:
A. depends on the policy followed by the public. B. is not enforceable by the assignor. C. is not implied. D. is enforceable by either the promisor or the assignor.
Which of the following would be least likely to be considered a support salesperson?
A. Detail rep B. Missionary salesperson C. Trade salesperson D. Creative seller E. Technical salesperson
Ron, a minor, goes to the hospital for treatment of the flu. On the new-patient form Ron signs, he agrees to pay for any care or treatment he receives. When billed for the treatment,
A. Ron must pay for the value of the benefit he received, because medical care is a necessary. B. Ron must pay for the benefit he received because the contract is fully executory. C. Ron must pay for the benefit he received because he ratified the contract. D. Ron does not have to pay for the benefit he received.
Prior to the Food and Drug Administration's creation in 1927, the ______ administered the Food and Drug Act
a. Bureau of Food of the Department of Agriculture b. Bureau of Land Management c. Bureau of Food and Drug Regulation d. Bureau of Consumables of the Department of Agriculture e. none of the other choices are correct