In which of the following situations are you most likely covered for liability under the family auto policy?
A)
You are a named insured driving a rental car.
B)
You are driving a company car.
C)
You are driving the non-insured car of a live-in relative.
D)
You are carrying passengers for a fee.
A
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If a company is considering the purchase of a parcel of land that was acquired by the seller for $102,000, is offered for sale at $184,000, is assessed for tax purposes at $112,000, is recognized by the purchaser as easily being worth $174,000, and is purchased for $171,000, the land should be recorded in the purchaser's books at:
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