Statements made by an applicant in completing a life insurance application are considered to be

With whom does the tone of internal control typically originate?

a. Auditors. b. Employees. c. Management. d. Stockholders.

Assume an offeree mails a rejection to the offeror on November 1 . This rejection arrives at the offeror's place of business on November 5 . In the meantime, on November 4, the offeree sends the offeror an acceptance that arrives November 6 . Which of the following statements correctly describes the situation?

a. There was no contract. b. There was a contract since the acceptance was mailed prior to the time the rejection was received. c. There was no contract because the rejection was mailed first. d. There was no contract because the acceptance was mailed more than three days subsequent to the rejection.