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Which one (1) of the following would NOT be considered a "fiduciary" with respect to the property of others? OA) An insurance broker. OB) A trust company. OC) An insurance company. OD) An insurance adjuster.

Which one (1) of the following would NOT be considered a "fiduciary" with respect to the property of others? OA) An insurance broker. OB) A trust company. OC) An insurance company. OD) An insurance adjuster.

Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Which one (1) of the following would NOT be considered a "fiduciary" with respect to the property of others? OA) An insurance broker. OB) A trust company. OC) An insurance company. OD) An insurance adjuster.
Transcribed Image Text:Which one (1) of the following would NOT be considered a "fiduciary" with respect to the property of others? OA) An insurance broker. OB) A trust company. OC) An insurance company. OD) An insurance adjuster.
A building owned by A is sold for cash to B. Two days after the sale, a fire destroys the building causing a loss of $100,000. Neither the broker nor the insurer were notified of the change in ownership. How much would the insurer pay to B? OA) $80,000.00 OB) $100,000.00 OC) $50,000.00 OD) Nothing.
Transcribed Image Text:A building owned by A is sold for cash to B. Two days after the sale, a fire destroys the building causing a loss of $100,000. Neither the broker nor the insurer were notified of the change in ownership. How much would the insurer pay to B? OA) $80,000.00 OB) $100,000.00 OC) $50,000.00 OD) Nothing.
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