Tom and Tammy Evans were ready to purchase a home. The home was to serve as collateral for their mortgage loan. Two insurers declined to insure the home, citing "an adverse CLUE report."
Why would an insurer reject a homeowners insurance application because of an adverse CLUE report?
A) because the previous owner had defaulted on the mortgage loan
B) because the home is located in an area where the zoning law had been changed
C) because there had been property insurance claims filed on the home's previous owner
D) because the home is located in an area that does not have a certified fire department
Answer: C
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Complete the following statements: A traditional income statement classifies costs by ________; that is, costs are classified as either ________ costs or ________ costs. A contribution margin income statement classifies costs by ________; that is, costs are classified as either ________ costs or ________ costs.
What will be an ideal response?
A goal programming model for RFM analysis is used when the analyst wants to assign priorities to each of the dimensions
a. True b. False
A corporation has issued 50,000,000 shares of common stock at $2 par. The corporation has 10,000,000 shares of Treasury Stock on its books. The aggregate value of the outstanding shares is:
@ $20,000,000 @ $40,000,000 @ $80,000,000 @ $100,000,000
If you made a down payment of $11,000 on a house worth $110,000, the lenders will require _____ because of the size of the down payment.
A. closing points B. a bond C. private mortgage insurance D. application fees E. homeowner's insurance