6. Tort law includes product liability cases.

True or False

8.The changing nature of U.S. business from manufacturing to knowledge technology has led to the call for new levels of regulation from federal agencies.

True or False

9.When one party fails to follow the terms of a contract, the party has committed a(n)

Multiple Choice

• obligation violation.

• breach of contract.

• termination by association.

• nonperformance endorsement.

11. It's good advice for doctors and lawyers to carry malpractice insurance.

True or False

12. An endorsement can provide additional coverage to a homeowner's policy for business equipment.

True or False

16.Apple has an insurable interest in the lives of its top executives.

True or False