What kind of obligation is involved in the problem? Explain why do you say so.

Q: Which of the following people would not be considered an “Other Member” (OM) for Code of…

A: The term "Other Member" refers to individuals who are not engaged in the practice of public…

Q: Government contracts account for the majority of Alice's business, which she owns as a contracting…

A: Bribe is a type of crime committed in terms of gaining illegal income through various ways. For eg.…

Q: Lance rents a townhouse that is insured with an HO 4 renters policy. Lance is driving his car when…

A: Coverage is available under an HO 4 endorsed with the motor vehicle liability endorsement.This…

Q: Vanessa was driving Cara's vehicle. Vanessa did not see a stop sign and broadsided a vehicle in the…

A: Auto or vehicle insurance provides financial safety from the financial losses resulting from damages…

Q: Vilma contacts her insurance agent, Edlyn, in February for travel insurance for a family vacation…

A: Workers' Compensation is a system that provides financial and medical benefits to employees who…

Q: Amy and Lester are partners in operating a store. Without consulting Amy, Lester enters into a…

A: a.

Q: mages from: a. Coverage A

A: HO-2 is the name of the homeowner's policy tier which interprets the coverage of only the home and…

Q: Pls help ASAP for both

A: A mortgage is a financial arrangement used to acquire real estate, where the property itself acts as…

Q: Consider a worker, Janice, who has the option to purchase DI (disability insurance) on the private…

A: This scenario involves a decision-making framework regarding disability insurance (DI) for an…

Q: Ann's car has been repossessed by Bob Finance without any notice after Ann defaulted on two…

A: Hire purchase is a method of purchasing high-priced consumer items in which the buyer pays security…

Q: Scott offers to sell his golf clubs Ron for $150. Ron says, "I'll pay you $150, if you throw in the…

A: Conditional acceptance is not an acceptance. Therefore, 1st option is incorrect. The 2nd option is…

Q: Jake's Auto Repair received a $3,000, 90 day, 10 % promissory note from Samantha in exchange for…

A: A journal entry is a beginning record- keeping entry made into the account system of a business to…

Q: Robert is the CEO of a closely held business, and he would like to provide life insurance to all of…

A: Cash Value Life insurance : It is the cash amount offered to the policy holder by issuing the life…

Q: Owen, a sole proprietor, owns a bicycle messenger business in New York City. One of his messengers,…

A: Ans: None of these- all are valid justification for a judgement against Owen

Q: Winner attends the opening of a new department store. All persons attending are given free raffle…

A: IRC Section 74:In this section, the amount that is received from awards and prizes is also included…

Q: Evan enters into a contract with Right Construction Ltd. for the construction of a wine cellar. The…

A: Explanation : The principle of privity of contracts is a legal principle that generally holds that…

Q: John and his wife Cynthia are filing MFS, and John will itemize his deductions. Which of the…

A: Taxpayers can lower their taxable income by deducting certain expenses from their adjusted gross…

Q: on is a policy that provides benefits if Sue is unable to perform the duties required by her regular…

A: Disability insurance works in the same way that paycheck insurance does. Disability insurance may…

Q: Mary purchases a property with the help of a fixed-rate loan. Why is Mary considered the mortgagor…

A: In the world of real estate, property financing is the broad balance between objectives and…

Q: for the following damages:  other driver, $25,000; passenger 1, $20,000; passenger 2, $9,000; other…

A: There are different types of auto insurance and depending on each plan there are different types of…

Q: her laptop to Kofi Brokeman for GH¢1,200 and Kofi Brokeman replied by offering to purchase the…

A: Given: Happee offered to sell her laptop to Kofi Brokeman for GH¢1,200 and Kofi Brokeman replied by…

Q: A couple applied for a loan to finance the purchase of a new home. What federal act was created to…

A: Introduction:- A loan is the primary option through which one or more individuals, institutions, or…

Q: Nadine visits Urban Air, a trampoline park. Before Nadine can enter the trampoline park, Urban Air…

A: This is a Multiple Choice Question in which we have to select the correct option

Q: In order to help his daughter Pamela secure a loan for her new business, Rich promised the bank that…

A: In the situation presented in the question, Rich and his daughter Pamela are tasked with helping…

Q: Mike purchased a Personal Auto Policy that included Part D (coverage for damage to your auto). He…

A: The accidental coverage of Mike’s car is being assessed under part D for the damage.

Q: ? ership of the insurance policy to Jake before accepting his request to surrender the pol d true…

A: Surrendering the policy refers to the concept of ending or terminating a policy before its maturity…

Q: Xavier, who is a partner in SYZ Floral Delivery, negligently drove the delivery truck off the road ,…

A: Liability of the firm for acts of the partner If a partner does an act in ordinary course of…

Q: Lucia is paying Martha to sell properties that Lucia owns. Can Martha sell one of Lucia's properties…

A: The concept of self-dealing arises when an agent, who is entrusted to act in the best interests of…

Q: Case, Part 2: Suppose you decide that you will not submit an application for an ARM due to Velma’s…

A: Adjustable rate mortgage  or ARM  is also known by the name  variable rate  mortgages. Under the…

Q: office building. Their insurance advisor has suggested that they consider coverage under the Legal…

A: legal liability coverage forms are that forms that provide coverage for sums the ensured is obliged…

Q: 63 Your insured lives in an apartment but takes a temporary position in another city and must store…

A: The objective of the question is to determine what a Tenant's insurance policy would cover in the…

Q: Section II - Liability Coverage of the Homeowners policy provides Voluntary Property Damage coverage…

A: Securing insurance coverage against potential damages is a fundamental financial safeguard. Various…

Q: 77

A: The first part of the question is asking us to determine the most likely definition of disability…

Q: You are responsible for an automobile accident. Use the information below to determine: the total…

A: Liability insurance is a type of insurance coverage that provides financial protection to an…

Q: help

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Suppose that Laurel agrees to pay Yanny $50 a month for 4 months to tutor him for his legal studies…

A: The amount that is granted to an affected party as compensation for losses, injuries, or other…

Q: Type your response on the space provided: FACTS: You are a wedding dress maker. You obliged yourself…

A: Since the dress maker has not delivered the dress within the stipulated time, he will be liable to…