Finance

XYZ, Inc. would suffer serious financial consequences if either of its

XYZ, Inc. would suffer serious financial consequences if either of its two major customers were shut down and could not purchase XYZ products. Which of the following types of consequential loss protection would provide protection against this exposure? A) leasehold interest B) extra expense C) marine insurance D) business income from dependent properties     […]

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Date: September 19th, 2020

Bill, a local inventor, developed a diet pill that he believes will so

Bill, a local inventor, developed a diet pill that he believes will solve the obesity problem in the United States. Bill wants to create a new company, 50% owned by Bill and 50% owned by a major drug company. Although he believes the pills are safe, Bill is concerned about liability if someone becomes sick […]

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Date: September 19th, 2020

The building and personal property coverage form provides several opti

The building and personal property coverage form provides several optional coverages. Under one optional coverage, no deduction is taken for depreciation when settling a covered loss. This optional coverage is called A) extra expense. B) agreed value. C) replacement cost. D) inflation guard.     ANSWER Answer: C

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Date: September 19th, 2020