A prospective insured completes an application for health insurance, the producer Which of the following requirements still needs to be met to make this a valid cont O A. Offer O B. Acceptance Consideration O C. O D. Legal purpose
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- Alan is a salesperson for Beta Computer Store. He misrepresents to Cathy, a customer, that a certain computer has a certain storage capacity. In reliance, Cathy buys the computer. Liability for this misrepresentation may be imposed on Group of answer choices a. Beta only. b. Alan only. c. Alan or Beta. d. none of the above.Fraudulent misrepresentation requires Multiple Choice. choose correct option and explain and also explain incorrect option Note - I am not satisfy give downvote • Maliciousness and repugnant intent •Negligent disregard for the truth •Reckless disregard for the truth •ScienterIf a prospect does NOT submit the initial premium with an application, the producer Su A refuse the application submit the application to the insurance company and advance the premium for the prospect from the agency account submit the application to the insurance company without the premium give the applicant a conditional receipt and send the application to the insurance company without the premium OB OC. OD
- Which of the following statements, if made by a seller who knows the statement to be untruthful, would NOT be misrepresentation of a material fact resulting in a cause of action for fraud? a. "This horse is only six years old." b. "There is no better car in the world." c. "The tires have less than 5,000 miles on them." d. "This car gets 28 miles per gallon."Buyer resistance to the progression of the sale is referred to as _____________. A threat to the sale An objection Interest A buyer initiated challenge (BIC) Show stopperIf a claim is not testable, then it cannot be falsifiable, and thus, it is not scientific True or false
- Which of the following statements is TRUE about an entrenching provision? Group of answer choices It must be altered by at least 75% of members present and voting. It can be amended by following the provisions of S.26(1) of the Companies Act. It can never be removed. It must be amended with the approval of all members.The Green Clean Company is a start-up that aims to provide environmentally friendly cleaning services to residential and commercial customers. As a consultant, you have been approached by the company's founders to help them develop a comprehensive business proposal. They have identified their target market, competitors, and unique selling points, but they need your expertise to create a compelling and viable proposal. Question: Based on the information provided, outline the key components that should be included in The Green Clean Company's business proposal. Discuss the importance of each component and provide recommendations on how to effectively present them to potential investors or stakeholders.While on a hike with a tour group in the mountains, Derek gets mauled by a bear. No previous reports of bears in the area had been made. Derek wants to hold the tour company liable for his injury. Which of the following is most likely true? A. Derek cannot hold the tour company liable because there is no way to prepare for or avoid a bear attack. B. The company is not at fault because it does not owe Derek a duty of care. C. Because most people would not expect something as dangerous as a bear encounter while on a hike, an assumption of risk defense will probably not protect the tour company. D. Derek assumed the risk of a bear attack by joining the tour group, so he cannot hold the tour company liable.
- A rider is an agreement that is sent to the promoter or venue manager that ensures: A. A larger share of advance ticket sales B.The greater share of the profit C. A friendly audience D.The band will receive specific foods, accommodations and comfortsL.L. Bean sends a catalogue to Olivia. A letter addressed to Olivia is attached to the cover of the catalogue. In the letter, the CEO of the company invites Olivia to buy any item in the catalogue at the listed price. This is a. an offer because there is no room for price negotiation. b. not an offer. c. an offer because of the letter. d. an offer only if Olivia previously bought items from L.L. Bean.Which of the following individual must have an insurance producer license? A field underwriter who inspects building A clerical worker who reviews insurance applications for accuracy A personnel officer who enrolls employees in a group health plan An insurance agency secretary who binds automobile insurance policies