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There are numerous definitions of insurance. Based on the definition stated in rae text, indicate whether each of the following guarantees is considered insurance. a

There are numerous definitions of insurance. Based on the definition stated in rae text, indicate whether each of the following guarantees is considered insurance. a. The manufacturer guarantees a new television against defects for 90 days. b. The manufacturer guarantees a new set of radial tires against road defects for 50,000 miles. c. A builder of new homes gives a 10-year guarantee against structural defects in the home. d. A cosigner of a note agrees to pay the loan balance if the original debtor defaults on the payments. e. A large group of homeowners agrees to pay for losses to homes that are damaged ordestroyed by fire during the year. PLEASE EXPLAIN WHY YOU CHOSE YOUR ANSWER
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