Why is an inventory of the contents of newly rented premises, and of their condition, room-by¬room, important? Who should prepare it? What should be done with it?
A careful inventory before moving in is the only way to clearly establish the condition of the premises, and therefore the best way to permit comparison with the condition when the lease ends. Good-quality color snapshots of the rooms help, especially when the apartment is furnished.
Inventory is taken for the mutual benefit of the tenant and landlord, and should be prepared as suggested in the text. When used on the day of move-out, it clearly fixes the amount of security deposit to be withheld, if any.
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Which of the following statements about the grace period and reinstatement provisions in a health insurance policy is NOT correct?
A) Craig's health policy has a grace period of 31 days. He had a premium due June 15, while he was on vacation. He returned home July 7 and mailed his premium the next day. The insurer received it July 10. His policy would have remained in force. B) Warren's medical expense policy was reinstated on September 30. He became ill and entered the hospital on October 5. His hospital expense will not be paid by the insurer. C) Gillian submits a reinstatement application and delinquent premiums to her insurance company on May 1. If the company has not sent a notice declining coverage by June 16, her coverage will automatically be reinstated. D) Under a health policy's reinstatement terms, insured losses from accidental injuries and sickness are covered immediately after reinstatement.
Multichannel conflicts are common when the members of one channel obtain a lower price based on larger-volume purchases
Indicate whether the statement is true or false