Which of the following statements is true about termination by agreement?
A) A principal should give constructive notice to all third parties who dealt with an agent.
B) When an agency relationship is terminated by an agent, the agent must give actual notice to all third parties who dealt with the agent.
C) When an agency relationship is terminated by a lapse of time, there is no requirement to give notification to third parties.
D) Constructive notice may be given to others through advertisement in newspapers published in areas where an agent operated on behalf of a principal.
D
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Loans obtained by a policyowner against the cash value of a life insurance policy
A) are treated as taxable income B) would not be treated as taxable income C) are limited by the face amount of the policy D) would be subject to a Federal estate tax
In the discriminant analysis model, the coefficients, or weights (b), are estimated so that the groups differ as much as possible on the values of the discriminant function
This occurs when the ratio of between-group sum of squares to within-group sum of squares for the discriminant scores is at a maximum. Indicate whether the statement is true or false