What type of agency is established when a listing broker is hired by a seller to find buyers for two of her properties?
A. Special agency.
B. General agency.
C. Universal agency.
D. Dual agency.
Answer: A. Special agency.
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Smith and Jones Insurance has totally revised its individual health insurance policy. Tamika likes the coverage she already has and is concerned about the changes. She contacts the producer who sold her the policy, who tells her that
A) she has 6 months to accept the new policy B) rising health care costs have necessitated the changes, and her policy is still the best coverage available C) under the entire contract provision of her policy, the company has the right to make changes with 30 days' notice D) her policy will not be affected by the changes
Which of the following is not a right possessed by common stockholders of a corporation?
a. the right to vote in the election of the board of directors b. the right to receive a minimum amount of dividends c. the right to sell their stock to anyone they choose d. the right to share in assets upon liquidation