Cynthia and Brian were friends. Brian was a dare devil. Because of his antics, Cynthia thought that Brian wasn't long for this life. Cynthia purchased a life insurance policy on Brian's life. Subsequently, Brian was killed in a car accident. Since Cynthia and Brian were friends, Cynthia had an insurable interest in his life and will be entitled to the insurance proceeds
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Business-NGO partnerships have the ability to do all of the following, except:
A) Qualify for government donations B) Foster social, environmental, and economic success C) Build business leadership D) Alienate stakeholders E) Damage reputations
The journal entry a company records for the payment of interest, interest expense, and amortization of bonddiscount is
a. debit Interest Expense, credit Cash and Discount on Bonds Payable b. debit Interest Expense, credit Cash c. debit Interest Expense and Discount on Bonds Payable, credit Cash d. debit Interest Expense, credit Interest Payable and Discount on Bonds Payable
Continuous panels provide data that may be used for brand-switching studies
Indicate whether the statement is true or false
A typical goal of consumer relations is to keep old customers because ________
A) most product complaints are made by new customers B) most service complaints come from new customers C) most requests for product upgrades come from prospective customers D) most sales are made to established customers