A computer salesman innocently misrepresented a fact about a StarSystem computer to a customer. Although this fact was not about a term of the contract, it did induce the customer to buy the computer. The customer has now learned the true facts and wants to return the computer. If the store refuses to take it back, the customer would ask the court for which equitable remedy?

XYZ Insurance Company expects $500,000 in claims and loss adjustment expenses for each 1,000 properties that it insures in a certain category of business insurance. What pure premium should XYZ charge for each property insured?

A) $69.99 B) $166.67 C) $350.00 D) $500.00

When selling a piece of equipment for cash, a loss will result when the proceeds of the sale are less than the bookvalue of the asset

a. True b. False Indicate whether the statement is true or false