A state law that requires individuals who have been involved in an auto accident or who have been convicted for certain vehicle-related offenses to demonstrate the ability to pay liability claims up to a specified dollar amount is called a(n)
A) financial responsibility law.
B) compulsory insurance law.
C) unsatisfied judgment fund law.
D) "no pay, no play" law.
Answer: A
Business
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The ________ was passed by Congress in 2002 to establish strict accounting and reporting rules in order to make senior managers more accountable and to improve and maintain investor confidence.
A. Freeman-Madoff Act B. Free Trade Act C. Caux Principles Act D. Glass-Steagall Act E. Sarbanes-Oxley Act
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What MUST a financing statement provide?
A. the debtor’s name B. the UCC article the that governs the secured transaction C. the federal laws that govern the transaction D. an after-acquired property clause
Business