Which statement below is least correct regarding the type of insurance that fits best with the applicant's needs?
A. Applicants concerned with the increasing cost of living should purchase increasing term.
B. Applicants wishing to pay off a mortgage should they suffer a premature death might buy a decreasing term plan.
C. Annual renewable term works well for employers looking to provide cost effective group life insurance for their employees.
D. Convertible term can be purchased by applicants who may require a larger death benefit in the future.
Answer: D. Convertible term can be purchased by applicants who may require a larger death benefit in the future.
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The age and location of your home will affect premium you pay for homeowners insurance.
a. true b. false
Jerry Margulis makes knockoffs of Prada handbags. He calls them Preda, and that name appears on the product, but otherwise they look a lot like the original. Whereas Prada might typically sell for $300, a Preda seels for $40
A Preda is definitely of inferior quality compared to a Prada. Jerry sells his handbags to discount houses and other stores that do not carry Prada knock-off that looks like one. Prada learns of this activity, and sues Jerry for trade mark infringement. Which of the following is true? A) This is not trade mark infringement because purchasers are not fooled into believing that a Preda is a Prada. On the contrary, they know that it's not. B) Jerry is trading on the goodwill that Prada has built up, and that is actionable. C) Jerry may not be trying to fool the public, but purchasers of a Preda presumably are. D) The sale of low quality knock-offs harms Prada's reputation for high quality goods. E) B, C, and D