In insurance, the agents have authorization to represent the company. The producers may exercise this relationship through:
A. Express authority, implied authority and apparent authority.
B. Domestic authority, foreign authority and alien authority.
C. Underwriting department, actuarial department and claims department.
D. Reciprocal authority, risk retention and reinsurance.
Answer: A. Express authority, implied authority and apparent authority.
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Instaworks Inc. wants to acquire IOK Corp. Instaworks makes a tender offer to the shareholders of IOK to acquire their shares of IOK without the permission of the latter corporation's board of directors. This is a ________ tender offer
A) cogent B) single-point C) persuasive D) hostile
Banker's acceptances
A) can be bought and sold until they mature. B) are issued only by large money center banks. C) carry low interest rates because of the very low default risk. D) are all of the above. E) are only A and B of the above.