What provision in a life insurance policy states that the application is considered part of the contract?
What will be an ideal response?
The correct answer is "Entire Contract provision". The Entire Contract provision, found at the beginning of the policy, states that the policy document, the application (which is attached to the policy), and any attached riders constitute the entire contract.
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What would be the adjusting entry for a note payable whose interest is not included in the face amount of the note?
a. Debit Interest Receivable and credit Interest Income. b. Debit Interest Expense and credit Cash. c. Debit Interest Expense and credit Interest Payable. d. Debit Cash and credit Notes Payable.
How many rules must a paralegal/legal assistant obey? How many rules of ethics might a paralegal/legal assistant obey? Explain.
What will be an ideal response?
A ____ is issued by a bank upon request of an importer stating that the bank will pay an amount of money to a stated beneficiary.
A. license B. letter of credit C. bill of lading D. draft E. voucher
Three-dimensional computer animation includes all of the complexity of 3D graphics rendering, multiplied by the necessity to render ____ 3D images per second to create the illusion of movement.
A. 12 B. 18 C. 24 D. 30