Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 27, 2024

Magnus, an agent for Insurance Company, received a call from Carla about orally binding coverage on her home at closing which was today. To be

Magnus, an agent for Insurance Company, received a call from Carla about orally binding coverage on her home at closing which was today. To be effective an agreement to insure must have, whether oral or written, which components are effective?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

For an agreement to insure to be effective whether oral ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Government and Not for Profit Accounting Concepts and Practices

Authors: Michael H. Granof, Saleha B. Khumawala

6th edition

978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974

More Books

Students also viewed these Business Writing questions

Question

★★★★★

Judith Johnson a 45-year-old female, who is a prominent attorney in the community, has been practising in Durban, KwaZulu-Natal for the past 20 years. Judith is a healthy and active person who has...

Answered: 1 week ago

Question

★★★★★

Abstract George is in charge of a project to resolve the issue of significant traffic delays in a freeway in Houston, TX. The proposed resolution is to add a lane to each side of the freeway to...

Answered: 1 week ago

Question

★★★★★

King Sport Management (KSM) is a sports agency firm based in Chicago that has been in business for 5 years. KSM is owned and operated by law school graduate Jake King. KSM has suddenly arrived on the...

Answered: 1 week ago

Question

★★★★★

Assume you have just been hired as a business manager of PizzaPalace, a regional pizza restaurant chain. The companys EBIT was $120 million last year and is not expected to grow. PizzaPalace is in...

Answered: 1 week ago

Question

★★★★★

The quarterly numbers of single-family housing starts (in thousands of dwellings) in the United States from 2013 through 2015 are recorded below. a. Using Quarter 1, 2013, as a base period, calculate...

Answered: 1 week ago

Question

★★★★★

An athlete is exercising while wearing a 5-lb ankle weight at A as shown. Determine (a) The moment of the weight about the knee joint at B, (b) The magnitude of the muscular force P which creates a...

Answered: 1 week ago

Question

★★★★★

We throw a die until a six appears for the first time, at which point the experiment stops. Let Ai be the event that the outcome of the ith throw is a six. The event a six appears for the first time...

Answered: 1 week ago

Question

★★★★★

Solkis Repair Shop was started on May 1 by Solki Lee. A summary of May transactions is presented below. 1. Invested $10,000 cash to start the repair shop. 2. Purchased equipment for $5,000 cash. 3....

Answered: 1 week ago

Question

★★★★★

Swifty Architects incorporated as licensed architects on April 1,2025. During the first month of the operation of the business, these events and transactions occurred: Apr, 1 Stockholders invested...

Answered: 1 week ago

Question

★★★★★

Identify a technological change that has facilitated globalization, aside from those mentioned in the text. Identify a policy change that has contributed to globalization, aside from those mentioned...

Answered: 1 week ago

Question

★★★★★

Please help, having trouble figuring out increase in retained earnings and everything else. Thank you On January 1, 2014, Picante Corporation acquired 100 percent of the outstanding voting stock of...

Answered: 1 week ago

Question

★★★★★

Worksheet 4: Measuring Supply Chain Performance; Inventory Measures The cost of goods sold last year at ZIP Corporation was$3,069,000(i.e., annual sales, at cost). The company operates 48 weeks per...

Answered: 1 week ago

Question

★★★★★

You could easily now be asking yourself "How could the speed of the bar possibly be constant when there is a force pulling it to the right and the rails are frictionless?" That is a very legitimate...

Answered: 1 week ago

Question

★★★★★

A welding process has been found to produce a bead which can be approximated by a triangle with its base equal to five times its height. Derive an equation for the bead Height based upon the volume...

Answered: 1 week ago

Question

★★★★★

Hey! Struggling with this question any help would be appreciated! A committee of 7 must be chosen to decide on a new school uniform. There are 9 adults and 19 students who wish to be on the...

Answered: 1 week ago

Question

★★★★★

54. The following are production and cost data for two products, A and B, produced in batches of 100 units. Contribution margin per batch Machine set-ups needed per batch Product A $450 Product B...

Answered: 1 week ago

Question

★★★★★

How does Macro-budgeting intrude on micro-budgeting? Does credibility play a role in the budgetary process?

Answered: 1 week ago

Question

★★★★★

The Home Depot is the leading retailer in the home improvement industry and one of the 10largest retailers in the United States. The company included the following on its January 29, 2012, balance...

Answered: 1 week ago

Question

★★★★★

The data in the accompanying table were extracted from a city's fund statements (in millions). 1. Prepare in summary form a government-wide statement of activities and a statement of net position....

Answered: 1 week ago

Question

★★★★★

A government permits its employees to accumulate all unused vacation days and sick leave. Whereas (in accord with current standards) it may have to book a liability for the unused vacation days, it...

Answered: 1 week ago

Question

★★★★★

Generally accepted accounting principles require governments to include in their annual reports a comparison of actual results with the budget for each governmental fund for which an annual budget...

Answered: 1 week ago

Question

★★★★★

The prices and production of grains for 2002 and 2012 (http://www.ers.usda.gov) are listed below. Using 2002 as the base period, find the value index of grains produced for August2012.

Answered: 1 week ago

Question

★★★★★

Using the period 200002 as the base period compute a simple index of the number of employees for each year from 2003 to2012.

Answered: 1 week ago

Question

★★★★★

The index of leading economic indicators, compiled and published by the U.S. National Bureau of Economic Research, is composed of 12 time series, such as the average work hours of production in...

Answered: 1 week ago

Previous Question Next Question