To contract for a policy of insurance, one must have a(n) ______, or an interest in the nonoccurrence of the risk insured against
A) policy
B) beneficiary
C) insurable interest
D) rider
C
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Consider a culture in which an individual’s status is very important. Cultural communication relies more on nonverbal communication than verbal. This hypothetical culture is likely a ______ culture
a. low-context b. collectivist c. high-context d. individualistic
One of the advantages of direct-mail advertising is that it is clutter-free.
Answer the following statement true (T) or false (F)
Which of the following is an example of a conditional sale?
A) Black's Autos sells a car to Andy Delmore, with a term that ownership doesn't transfer until the last payment. B) Black's Autos sells a car to Andy Delmore and Delmore gives Black's a lien on the car until the last payment is made. C) Black's Auto leases a car to Andy Delmore who has the right to buy the car at the end of the lease. D) Black's Autos sells a car to Andy Delmore with a term that Black's has a floating charge on the car. E) Black's Autos sells a car to Andy Delmore and assigns the debt to a finance company.
Waste Management Corporation enters into contracts for its services online. Waste Management can protect itself against disputes involving these contracts by making important terms A) reasonably clear
B) vaguely ambiguous. C) practical. D) standardized.