The insured can cancel a policy at any time
Indicate whether the statement is true or false
True
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Jim contracted with Kevin to serve as a guide for Kevin on his three-week fishing trip to Canada. The contract was made on April 1 with the trip to begin on June 1 . On May 1, Kevin notified Jim that he had changed his mind and would be unable to make the trip. He also refused to pay Jim any compensation. In this case:
a. because the contract is executory, Jim has suffered no damages, and Kevin has no obligation to pay any compensation. b. Kevin has anticipatorily repudiated the contract and is immediately liable to Jim for damages. c. Jim must wait until June 1 to see if Kevin will perform his contractual duties and, if he does not, then Jim may sue Kevin for damages. d. Jim must try to find "cover" to replace the breached contract, and if he is not able to do so before June 1, then Kevin is liable to Jim for damages.
When does an advertiser violate the Federal Trade Commission bait and switch advertising rules?
______ is a forecasting method in which it is assumed that the demand in the next period will be the same as it is in the current period.
a. Moving average b. Naïve approach c. Simple average d. Sales force opinion
________ would provide coverage for you against injuries caused by a negligent driver whose insurance company is insolvent
A) Collision coverage B) Personal liability coverage C) Negligent driver rider D) Uninsured motorist's protection coverage E) None of the above