A process description explains how something works
Indicate whether the statement is true or false
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When Stella Finman found out that she was terminally ill, she drafted a will leaving all her property to her son. During her period of illness, Stella was financially and emotionally supported by her lawyer as her son was mostly away
When the will was read upon her death, it said that her lawyer would get a 20 percent stake in Finman Corp, a company Stella owned. Upon investigation, it was revealed that Stella's lawyer took advantage of Stella's weakness and persuaded her to change the contractual terms. This is an instance of ________. A) undue influence B) battery C) duress D) fraud
New Liability Insurance Company began operations last year and has been very successful
The company's ability to grow is being restricted by an accounting rule that requires insurers to realize acquisition expenses immediately, while not realizing premiums received as income until some time has passed. Reinsurance is often used in such cases for which of the following purposes? A) to stabilize profitability B) to reduce the unearned premium reserve C) to provide protection against catastrophic losses D) to withdraw from a line of business or territory
Lenny, who lives in New York City, deposited in his checking account a check from his mother, who also lives in New York City. The bank must make the funds available
A) immediately. B) on the next business day. C) two days after the deposit day. D) after the check clears the Federal Reserve System.
Oxley contracts to buy a pizza oven from Restaurant Supplies Warehouse (RSW) for $2,500, but RSW fails to deliver. Oxley buys the appliance else-where for $3,500. Oxley's measure of damages is A) $1,000
B) $1,000 plus incidental damages. C) incidental damages only. D) $0.