A life insurer has a legal obligation to make a policyholder loan if requested by an insured
Indicate whether the statement is true or false
TRUE
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Which of the following is a primary function of management?
A. communicating B. globalizing C. cooperating D. organizing E. influencing
The electronic funds transfer (EFT) system cannot be used for transactions with the government because of security concerns
Indicate whether the statement is true or false
When merchandise for resale is purchased with cash, the transaction should be recorded in the
a. sales journal; b. cash receipts journal; c. purchases journal; d. cash payments journal; e. general journal.
Miriam makes an oral agreement with John to sell him 200 acres of prime farmland for a mere $500. Their agreement is:
A. enforceable only if promissory estoppel applies. B. covered by the statute of limitations. C. unenforceable as real estate contracts need to be in writing. D. enforceable and not voidable in accordance with the statute of frauds.