Which of the following statements is TRUE about rebates?A.B.C.D.Returning a partial premium to a client is not considered a rebate.A discount given to a health insurance policy holder who is a non-smoker is considered a rebate.Any valuable consideration or inducement specified in the policy is not considered a rebate.Any producer who gives a rebate is guilty of a Class D misdemeanor.

Large retailers frequently collaborate with manufacturers; these deals typically call for two or…

Answered: policy valuable consideration or…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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You are President and CEO of Apex Business Systems, Inc. (Apex). Apex, through its purchasing agent, bought a new microwave from Inki Appliances Company (Inki) who sells microwaves on a daily basis. There was no written or oral warranty given when the sale was made. The microwave stopped working one week after it was placed it in the company kitchen. Assume also that nobody misused the microwave or in any way caused it to quit working. The purchasing agent returned the microwave three days after it quit working. The owner of Inki refused to repair or replace the microwave or offer a refund. Prepare a demand letter to be sent to Inki.
:Unsolicited Merchandise: Are there certain circumstances in which a person receiving unsolicited merchandise should be required to return the merchandise to the sender if he or she does not wish to purchase it? What are some of the reasons that the federal government might wish to make no exceptions to the rule freeing consumers of any liability for failing to return unsolicited merchandise?
Any risk of deterioration in the goods necessarily incident to the course of transit shall be borne by the seller. True /false
The U.S Supreme Court requires that any condemned property must be put into use for the general public. True False
Solar Living discovers that Sunny Solar is planning to use the slogan “The Sun Is Always Shining on Solar Energy” in its marketing materials. Solar Living quickly files a trademark application for that phrase to prevent Sunny Solar from using it, although Solar Living has no plans to use the slogan. Will Solar Living’s application be granted? No, because Sunny Solar can prove that it thought up the slogan before Solar Living did. Yes, because Solar Living was the first to file for the trademark, and the U.S. operates on a first-to-file system. Yes, because “The Sun Is Always Shining on Solar Energy” is a phrase that can acquire a secondary meaning. No, because for a trademark to be granted an applicant must actually use, or intend to use, the mark in commerce.
Under a Commercial General Liability policy, which of the following actions is an obligation of the insurer? OA. To inspect the insured premises for safety OB. To renew the policy period from the date of loss OC. To pay claims only when there has been a judgment against the insured To pay a daim for which the insured has been found legally responsible OD
Which of the following sections of an insurance contract limits coverage? A Waiver of Premian OB OC OD. Conditions Exclusions Declarations
Describe the workflow needed to authorize therapeutic under emergency use authorization
Karen is on the highway headed home from Toronto. Traffic is moving slowly and she sees that an accident is the cause of the slow down. As she gets up to the scene, she notices debris and car parts all over the highway. She panics realizing she will have no choice but to drive over it. As a result, her front tires blow out and she fears damage has been done to the underside of her vehicle as well. How would Karen's insurer typically assess this loss? Comprehensive claim, as she did not hit another auto. Collision claim, as it was a single vehicle, At Fault claim. Collision claim, as it was a single vehicle. Not at Fault claim. Liability claim, as it is the third party's fault for the debris on the road.
help
The Insuring clause in an Accident & Health policy states which of the following informaleant OA The insured's obligations The insurance company's obligations The risks excluded from coverage The cost of the coverage
Bob went out with his friends to celebrate his birthday. They went to a bar where they drank copious quantities of alcohol. In the morning, Bob had not slept and was still obviously intoxicated. He found his way to a car dealership near his house and entered into a contract to buy a Mercedes Benz SUV for the cost of $140,000.00. The car salesman could smell alcohol on Bob's breath, he noticed his eyes were bloodshot and "glossy" while they were signing the papers relating to the sale, and when Bob left he could see that he was unsteady on his feet. Bob left the dealership and went home and went to bed. He slept for two days. The car salesman from the dealership called Bob 4 days later to tell him that his vehicle was ready for pick up. Bob had no memory of the buying any car. In these circumstances:A. the contract is void ab initio because Bob lacked capacity to contract due to his intoxicationB. Bob can avoid or repudiate the contract within a reasonable time after he regains capacity…

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policy valuable consideration or inducement specified in the policy is not considered a rebate. producer who gives a rebate is guilty of a Class D misdemeanor.