All of the following are covered as supplementary payments under the liability section of the PAP EXCEPT
A) the cost of an appeal bond in a lawsuit stemming from an auto accident.
B) the cost of a bail bond for a traffic violation when no accident is involved.
C) interest which accrues on a liability judgment covered by the policy.
D) reasonable expenses incurred by the insured to testify at a trial involving a lawsuit covered by the policy.
Answer: B
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The term indemnification refers to the right of a partner to be reimbursed for expenditures incurred on behalf of the partnership
Indicate whether the statement is true or false
In the United States and Canada, most business exchanges occur at a distance known as the
A) intimate zone. B) public zone. C) social zone. D) personal zone. E) twilight zone.
When using PFMEA, the suggested value for an occurrence of risk without warning is
A) 10. B) 9. C) 6. D) 5.
Ordan's agreed to sell olives to Vic's. The goods were shipped Monday for Friday delivery. On Wednesday, while the goods were in transit, Vic's canceled the contract. Ordan's may:
a. minimize losses by reselling the goods to another buyer b. refuse to resell the goods to another buyer c. force Vic's to accept the goods d. sue for punitive damages only e. none of the other choices