With regards to trade prohibitions, Article 81 of the European Community Treaty is analogous to Section 2 of the Clayton Act

Certain perils, like war, are usually excluded from most insurance policies because they have the potential to adversely affect large numbers of insureds at the same time. This explains why one of the characteristics of an insurable risk is that the risk be

A) noncatastrophic B) cataclysmic C) trivial D) calamitous"

In the context of agency, ratification refers to:

A) Agreeing, after reaching majority, to be bound by a contract entered into as a minor. B) Agreeing to be bound to a contract entered into by an agent that exceeded the agent's authority at the time the agent entered into it. C) Reaffirming a contract that one previously agreed to. D) Getting the appropriate agency to agree to take steps to reduce an excessively large rodent population.