The applicant's signature is required on a life insurance application for which of the following reasons?COA.To guarantee that the statements on the application are trueTo represent that the statements on the application are true to the best of the applicant's knowledgeTo represent that the statements on the application are warrantiesTo authorize the producer to add information to the applicationOB.OC.OD.

Answer = Option B To represent that the statements on the application are true to the best of the…

Answered: The applicant's signature is required…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Statement 1: Unless it appears otherwise, business advertisements of things for sale are not definite offers, but mere invitations to make an offer.Statement 2; The advertiser is bound to accept the highest or lowest bidder, unless the contrary appears. a. Both statements are true b. Both statements are false C c. Only statement 1 is true d. Only statement 2 is true
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Which of the following was the court's decision in the Des Moines Flying Servs. v. Aerial Servs. case referenced in the text? Multiple Choice The court reversed the district court's summary judgment dismissing ASI's implied warranty claim. The court affirmed the district court's summary judgment dismissing ASI's implied warranty claim. The court reversed the district court's summary judgment dismissing ASI's express warranty claim The court affirmed the district court's summary judgment dismissing AST's express warranty claim The court remanded the case to the district court fo rehear the merits of DMFS's express warranty claim.
Taking which action is an example of constructive notice? OA) Giving public notice through recording in the public records OB) Placing a Sold sign on a property that has closed OC) Advertising property for sale in a local newspaper D) Moving onto one's property and constructing an improvement O
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Which of the following is a fact that would lend itself to a determination that an activity was a hobby? (a) Underpayment of employment taxes due on farm laborers. (b) The taxpayer has many years of experience in the area, and operates in a businesslike manner. (c) The taxpayer truly enjoys the activity. (d) All of these would lend themselves to a determination that an activity was a hobby.
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."
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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.

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