The promisor in an insurance contract is called the underwriter
Indicate whether the statement is true or false
True
You might also like to view...
Firms recognize expenditures to acquire intangibles externally from third parties as _____ if the intangibles are either separable or arise from contractual or other legal rights
a. assets b. liabilities c. retained earnings d. revenue e. expenses
The following are data that can be entered into the ______ system: customer order entry, ripples through the enterprise changing inventory, production schedules, accounts payable, balance sheet, materials reordering, and shipping schedules.
A. material requirements planning (MRP) B. manufacturing resource planning (MRP II) C. enterprise resource planning (ERP) D. distribution requirements planning (DRP)
Distinguish between a note and a certificate of deposit. How are they alike? How are they different? Explain your answer
Rona and Savannah do business as Treasure Island Traders. Acting in good faith on the firm's behalf in a deal with Unlimited Potential, Inc, Rona makes an honest error in overestimating the profit. To her firm, Rona is
a. liable for breach of the duty of care. b. liable for breach of the duty of economic sense. c. liable for breach of the duty of loyalty. d. not liable.