When negotiating a contract of insurance, the parties make no attempt to conceal or disguise important facts or deceive each other. The contact is said to be one of

A) offer and acceptance
B) value
C) sharing
D) utmost good faith"

Answer: D) utmost good faith"

Business

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For an exchange to occur, ________

A) at least two people or organizations must be willing to make a trade, and each must have something the other wants B) there must be one winner and one loser C) someone must make a financial profit D) the item must be tangible E) time utility must be created

Business

The primary functions of an investment asset are to increase your net worth and/or provide additional income

Indicate whether the statement is true or false.

Business