For an implied agency to function, implied authority cannot conflict with express authority

When product demand is high, firms following a "middle of the road policy" for long- versus short-term financing will:

A) sell marketable securities B) hold marketable securities C) borrow short-term D) borrow long-term

Which of the following statements is not included in the Entire Contract clause?

A. All statements made by the insured in the application will be considered as representations, not warranties. B. A copy of the application, if used, must be attached to the policy. C. The insurer agrees to provide life insurance protection for the named insured which will be paid to a designated beneficiary when proof of death is received by the insurer. D. Only an executive officer can make changes to the contract.