If the owner of a corn field had corn growing on his land, what would this be an example of?
a. Fixture
b. Emblement
c. Easement
d. Benefit Incurred
Answer: a. Fixture
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Which of the following statements regarding a producer's authority is NOT correct?
A) An agent's apparent authority may be binding on an insurer under the law of agency. B) Advising an applicant to answer certain questions in a manner in order to pass underwriting is an example of apparent authority. C) Reviewing a prospective applicant's insurance program and recommending the purchase of a particular product is an example of implied authority. D) Soliciting and negotiating insurance contracts on the company's behalf are considered part of an agent's express authority."
A(n) ________ is a partnership created for a fixed duration
A) partnership for a term B) partnership at will C) ordinary partnership D) limited partnership