If an insurer voluntarily waives a legal right under the contract, it cannot later deny payment of a claim on the grounds that the legal right was violated.

There are no disadvantages to doing business as a sole proprietorship

Indicate whether the statement is true or false

The "bird-in-the-hand dividend theory" supports which view of the effect of dividend policy on

company value? A) Constant dividends increase stock values. B) Low dividends increase stock values. C) High dividends increase stock values. D) A firm's dividend policy is irrelevant.