If you home is in a Special Flood Hazard Area,
A)
the government will provide free flood insurance.
B)
flood protection is automatically provided under the basic homeowners' policy.
C)
you must purchase flood insurance before you can obtain a mortgage on the home.
D)
insurance companies are not allowed to sell you homeowners' insurance.
C
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Based on this information, the statement of partners' equity would show what amount as total capital for the partnership on December 31?
a. $384,600 b. $412,600 c. $404,000 d. $414,000
Alberto was attending a concert at Parker Hall. During the concert Alberto had leave his seat to go to the washroom. There was some construction going on in the hallway outside the washroom, and Alberto tripped on a loose tile, injuring himself. Because it was fairly dark, he didn't see the sign warning patrons to watch their step. Alberto sues Parker Hall for negligence. Which of the following is TRUE?
A) The defendants complied with the standard of care by warning patrons of the danger. B) Alberto voluntarily assumed the risk of an accident by going to the bathroom in the dark. C) The premises were not reasonably in safe in the circumstances. D) The defendants did not take reasonable care to make the premises safe E) Both C and D.
Mabel is a single 40-year-old who has borrowed money on numerous occasions. Her payment record has been good, except she has been delinquent in paying a few bills. Which of the following is true regarding credit information gathered on Mabel?
a. Since Mabel has been delinquent, she waives her right to see the credit files. b. If Mabel is rejected for a loan because of the consumer report, the lender must tell her the source of the report. c. Mabel has a right to have the information regarding her delinquency in paying a few loans stricken from her credit record because her record has generally been good. d. Mabel's only legal remedy, if there is erroneous information in her credit file, is to report the problem to the FTC for enforcement.
Using debt and preferred stock in the capital structure of a firm will _____.
A. increase financial risk B. decrease business risk C. increase the tax payable by the firm. D. decrease operating leverage E. increase the book value of common stock