Which of the following statements best describes facts in legal reasoning?
A) Facts are the most basic building blocks in a legal decision or argument.
B) Facts are words used to describe the reasons for reaching conclusions in a complex legal dispute.
C) Facts are the issues in a dispute, which is the bone of contention between two opposing litigants.
D) Facts are the position or stance on an issue.
A
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Sophia has a $250,000 10-year convertible term policy and would like to convert it to a permanent policy. Her agent provides her with the following information. Which statement is NOT correct?
A) The new premium will be based on either her original or her attained age. B) She may convert to the permanent policy for up to 12 months following the term policy's expiration. C) Sophia will not have to provide evidence of insurability. D) A new application will not be required."
The time value of money is the loss of purchasing power that occurs over time as a result of
inflation. Indicate whether the statement is true or false