All of the following are commonly excluded by personal umbrella policies EXCEPT
A) acts committed with the intent to cause bodily injury or property damage.
B) professional liability.
C) aircraft liability.
D) libel, slander, and other types of personal injury.
Answer: D
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A corporation's stockholders' equity section of the balance sheet may contain all except
a. T. McDonald, capital b. Retained earnings c. Additional paid-in capital d. Common stock
Paula develops a new espresso machine that she names "Sure Shot.". She also writes an operating manual for the machine. Paula can obtain trademark protection for
a. the espresso machine. b. the "newness" of the espresso machine. c. the name"Sure Shot.". d. the operating manual.
Oni's Adventure Travel and Paquito's Wild River Tours form a joint venture. Oni can participate in the venture's management A) only to the extent that she assumes liability for the venture's debts
B) only to the extent of her investment in the venture. C) to any extent. D) to no extent.
At year end, Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding
Based on this information, Tangshan's book value per share of common stock is ________. A) $105 B) $10.50 C) $15 D) $150