Agnes and Mary Clare, two elderly sisters, own an annuity covering both of their lives. The annuity pays benefits to them until the first sister dies, then the annuity terminates. Agnes and Mary Clare own a(n)
A) flexible premium annuity.
B) joint life annuity.
C) longevity annuity.
D) joint-and-survivor annuity.
Answer: B
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A third person is a donee beneficiary if the promisee's primary purpose in contracting was to make a gift of the contracted performance to the third party.
Answer the following statement true (T) or false (F)
What are the keys to a successful control system? Think of the parenting techniques your parents or guardians used in raising you. Did they apply these principles? How could they have done so more effectively?
What will be an ideal response?
Usually use an explanatory title for illustrations
a. true b. false
The cost of production report
A) provides information about the physical units processed by the department and provides information about the manufacturing costs incurred by the department B) provides information about the manufacturing costs incurred by the department C) provides information about the physical units processed by the department D) none of these answers