What is the contractual significance of having high limits of legal liability coverage in the HO contract?
What will be an ideal response?
If the insured has purchased high limits of legal liability coverage the insurance company must pay up to those high limits for a covered loss. In addition, since defense costs are paid in addition to the limit of liability, high limits of liability coverage forces the insurer into defending the insured up to those high limits. The higher the limit of liability, the more interested the insurer will be relative to defense.
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Which of the following items would require an adjusting entry after preparation of the bank reconciliation?
A) errors made by the bank revealed by the bank reconciliation B) all items on the bank's side C) errors made on the books revealed by the bank reconciliation D) outstanding checks
Of the following, the LAST that a firm should specify are its
A. price objectives. B. promotion objectives. C. marketing objectives. D. publicity objectives. E. company objectives.
As one of the goals of a transcendent education, speaking out against unethical actions is called
A. empathy. B. intolerance of inhumanity. C. generativity. D. civil aspiration. E. mutuality.
Physical structures say a lot about a culture.
Answer the following statement true (T) or false (F)