Professionals such as doctors, lawyers, and accountants often purchase _____ insurance to protect themselves against claims made by disgruntled patients or clients.

		disability
		health
		term
		malpractice
		whole-life

2 points   

QUESTION 12

In the case of life insurance taken on someone else's life, who must have an insurable interest in the subject matter?

		the beneficiary
		the grantor
		the assured
		the insurer
		the insured

2 points   

QUESTION 13

A landlord will be liable even if he has no duty to repair but negligently makes repairs that themselves turn out to be dangerous.

True

False

2 points   

QUESTION 14

The exclusion of implied warranties in general states that _____.

		the buyer who has neither examined, nor refused to examine the goods before entering into the contract, may not assert an implied warranty concerning defects an inspection would have revealed
		the Uniform Commercial Code does not permit the seller to disclaim, or modify the implied warranty of merchantability, as long as the statement actually mentions "merchantability"
		for an implied warranty or merchantability, the disclaimer need not be in writing
		for an implied warranty of fitness, the disclaimer need not be in writing
		the Uniform Commercial Code does not permit the seller to disclaim, or modify as implied warranty of fitness

2 points   

QUESTION 15

A _____ is any document that evidences the receipt of goods for shipment issued by a person engaged in the business of transporting or forwarding goods.

		waybill
		letter of credit
		packing list
		delivery order
		bill of lading