Which of the following describes a moral hazard?
A. Faulty wiring
B. An arsonist applying for property insurance.
C. Laziness & apathy
D. Twelve appliances plugged into one electrical outlet.
Ans: B. An arsonist applying for property insurance.
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Which of the following is not a rule of construction used by courts to determine the terms of a contract?
a. Ambiguous language is construed in favor of the party who drafted the contract. b. Special provisions prevail over general provisions. c. Handwritten provisions prevail over typewritten provisions d. The law of the state where the contract was made is considered part of the contract.
Use Scenario 11.2 to answer this question. In order to keep their suppliers happy, the company assembling the end item wants to make sure they build enough product to order at least one of each of the components on the lowest level of the BOM
What number of end items will make that happen? A) 8 B) 10 C) 13 D) 16