A property manager, in fulfilling his/her duties to the principal, would want to make sure there was an insurance policy in place to cover:

(a) Mortgage
(b) E & O
(c) Liability
(d) Workers' Compensation

Answer: (c) Liability

Business

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Indicate whether the statement is true or false

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The transfer of rights under a nonnegotiable contract is known as a(n) ________

A) assignment B) negotiation C) indorsement D) dishonored instrument

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