Which of the following statements is not true concerning comprehensive and collision insurance?
A) If you are financing a car, this insurance is required by the lender.
B) Financially, it is advisable to take out the lowest deductible possible.
C) You may want to drop this coverage on an older car that is not being financed.
D) The deductible is really a form of self insurance.
Answer: B
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James's attempt to make a new contract is void because it lacks consideration under the ________ concept
A) illegal consideration B) gift promise C) past consideration D) preexisting duty
Refer to the table above. An international seafood supplier is offered 9.52 million yen today for 1000 pounds of abalone frozen in the shell
One thousand pounds of abalone can be sourced from various countries at the prices shown above. The current market exchange rates between the United States and the other relevant currencies are also shown. In addition, $1 U.S. = 102 yen. What is the value, in U.S. dollars, of the best deal the international seafood supplier can make? A) $12,333 B) $14,333 C) $14,833 D) $13,333