Why are insurance contracts said to be contracts of adhesion?
A) The values exchanged by the parties to the contract are not equal.
B) One party writes the contract, and the other party must accept the entire contract as written.
C) Only one party makes a legally enforceable promise.
D) Conditions are placed on the insurer's promise to perform.
Answer: B
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A. General expenses B. Financial leverage C. Gross margin D. Expenses E. Net profit
The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter's five forces model, this statement illustrates ________.
A. high levels of rivalry B. high bargaining power of suppliers C. low threat of substitutions D. low levels of rivalry E. low bargaining power of customers
On December 28, 2018, Misty sold 300 shares of Low Grade, Inc. (a publicly traded company) at a loss of $8,500. On January 5, 2019, thinking that the stock price would rebound, Misty purchased 200 shares of Low Grade, Inc. for $7,000. What is the amount of the recognized loss on the December 28, 2018 sale and what is Misty's basis in the 200 shares she purchased on January 5, 2019?
What will be an ideal response?
____________________ involves saying words correctly and clearly using accepted sounds and accented syllables
Fill in the blank(s) with correct word