A mutual fund objective statement provides general information about the types of securities a mutual fund will hold as assets.

a. true
b. false

Ans: a. true

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Cindy was riding her bicycle on a paved bike path and had an accident with another cyclist

Cindy's $1,000 bicycle was destroyed in the accident. If the jury determined that Cindy was 60 percent at fault and the other cyclist 40 percent at fault, under which doctrines would Cindy be entitled to recover $400 from the other cyclist? A) Pure comparative negligence only B) Contributory negligence only C) Partial comparative negligence only D) Either form of comparative negligence, but not under contributory negligence E) Either form of comparative negligence as well as under contributory negligence

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Homeowners insurance policies usually cover resident relatives of the named insured who are under age 24 and who are full-time students away from home. Under the homeowners policy, these full-time students are considered

A) first named insureds. B) second named insureds. C) other insureds. D) additional insureds.

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