Ben lives in a state that has a no-fault auto insurance law. Another motorist failed to yield the right of way, and hit his car. Ben filed a claim with his own insurer. He also contacted a lawyer to discuss suing the other driver
The lawyer told Ben that while lawsuits resulting from auto accidents are permitted in the state, Ben's injuries were not severe enough to provide legal standing for a lawsuit. What type of no-fault law is in effect in the state where Ben lives?
A) pure no-fault
B) add-on no-fault
C) choice no-fault
D) modified no-fault
Answer: D
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Downy Airlines discloses the funded status of pension plans and the health and life insurance plans for two recent years. Both the pension plan and other benefit plans are underfunded. The amounts that Downy includes in _____, _____, represent unamortized prior service costs and net actuarial losses
a. Other Comprehensive Income; a revenue account b. Accumulated Other Comprehensive Income; a shareholders' equity account c. Other Comprehensive Income; an asset account d. Accumulated Other Comprehensive Income; a liability account e. Other Comprehensive Income; a shareholders' equity account
An agreement that an offeror will not sell his property for a specified period subsequent to the offeree paying consideration to the offeror is referred to as a(n) ________
A) unequivocal acceptance B) contract of adhesion C) option contract D) firm offer
When responding to customer comments online, a company should
A) reply with witty sarcasm to belittling comments or posts. B) reply with factual information to unhappy customers. C) not reply to neutral posts or comments. D) reply to every positive customer statement. E) reply with emotional language to show concern.
For fair use cases, there is a bright-line test
Indicate whether the statement is true or false