The building and personal property coverage form provides several optional coverages. Under one optional coverage, no deduction is taken for depreciation when settling a covered loss. This optional coverage is called

A) extra expense.
B) agreed value.
C) replacement cost.
D) inflation guard.

Answer: C

Business

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The difference between the sample result and true population value is known as __________.

a. level of confidence b. nonsampling error c. acceptable error d. none of these

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A voidable contract remains binding upon the parties until the contract is:

a. voided. b. rescinded. c. determined to be legal. d. unqualified.

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