Which statement(s) is(are) true with regard to itle insurance?
I. The policy covers defects in itle that have occurred prior to the efecive date of the coverage.
II. The policy term runs indeinitely in the future.
a) I only
b) II only
c) Both I and II
d) Neither I nor II
Ans: c) Both I and II
Business
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Generally speaking, a firm can set its price higher when which of the following is true?
a. demand is more fixed b. demand is more inelastic c. demand is more elastic d. demand is more variable
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