A contract where one party makes regular installment payments and the other party makes payment conditioned on a specific event happening is known as:
A. an insurance policy
B. an option agreement
C. a sale-leaseback
D. a deed of trust
Answer: A. an insurance policy
Explanation: Insurance requires the insured person to make regular premium payments, and requires the insurer to pay a specified amount if an event that is covered by the insurance policy occurs and the insured suffers a loss.
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Which of the following best describes the effect of Good Samaritan laws?
A) Medical professionals have a lower duty of care to strangers than to their regular patients. B) Someone injured by a medical professional that is providing emergency medical care at the scene of an accident cannot recover if the injury was due to ordinary negligence. C) Medical professionals cannot be held liable if they cause injury to someone they provide medical care to in an emergency. D) Medical professionals are obligated to stop and assist persons in need.
In order to ensure the effectiveness of the new reward system, which of the following criteria is most important?
a. develop new systems to simply the process b. ensuring pay equity c. ensuring everyone received the same amount, to reduce jealousy d. developing a pay grade system is sticking to it e. none of the above