When agents act on behalf of insurers, they are acting under which legal principle?
A) Utmost good faith
B) Reasonable expectations
C) Agency
D) Estoppel"
Ans: C) Agency
Business
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If Norben Company issues 2,000 shares of $5 per value common stock for $140,000, the account
A. Common Stock will be credited for $140,000 B. Paid-in Capital in Excess of Par Value will be credited for $10,000 C. Paid-in Capital in Excess of Par Value will be credited for $130,000 D. Cash will be debited for $130,000
Business
The survey technique with the fastest response is a(n) _____
a. telephone survey b. mail survey c. experiment d. personal survey
Business