Basil and Rosemary enter into a contract for the sale of Basil's condominium to Rosemary. She transfers her right to be recorded as the owner of the property to her son Sage. This transfer is
A. a delegation.
B. an assignment.
C. prohibited.
D. a negotiation.
Answer: B
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How much would $1, growing at 3.5% per year, be worth after 75 years?
A. $12.54 B. $13.20 C. $13.86 D. $14.55 E. $15.28
__________ refers to a social group that may be joined together by factors such as shared history, shared identity, shared geography, or shared culture.
a. Race b. Culture c. Ethnicity d. none of the above
Which of the following is a method of reducing non-sampling risk?
a. Proper supervision and instruction of the client's employees. b. Proper supervision and instruction of the audit team. c. The use of attributes sampling rather than variables sampling. d. Controls to ensure that the sample drawn is random and representative.
With a joint life policy the insurance pays out at
A) the first death among the named insureds. B) the last death among the named insureds. C) each of the deaths among the named insureds. D) at only the first and the last deaths among the named insureds.