Purposes of the coinsurance provision in medical expense insurance policies include which of the following? I. to reduce premiums II. to prevent overutilization of policy benefits

Orville and Perry are negotiating a franchise agreement. Perry, the potential franchisee, asks Orville for information about the franchise. In this case, Orville:

a.) is required to disclose certain material facts that a prospective franchisee needs in order to make an informed decision concerning the purchase of a franchise. b.) is required to disclose specific facts related to the conduct of competitive franchises and the management of historical operations by the franchisor. c.) must disclose all information about the franchise to Perry. d.) is under no obligation to disclose information to Perry about the franchise.

The IRS requested client records from a CPA who does not have possession or control of the records. According to Treasury Circular 230, the CPA must

A. Notify the IRS of the identity of any person who, according to the CPA's belief, could have the records. B. Require the client to submit the records to the IRS or withdraw from the engagement. C. Obtain the records from the client and submit them to the IRS. D. Contact all third parties associated with the records, such as banks and employers, to obtain the requested records for submission to the IRS.