A contract that has yet to be performed is known as an:

a. implied contract
b. executed contract
c. express contract
d. executory contract

Answer: d. executory contract

Business

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A covered loss has damaged the property belonging to the owner. Property belonging to a customer is also damaged. The customer brings suit against the insured for this damage. The insurer may do which of the following?

a. Pay the defense costs incurred in the suit against the insured b. Negotiate the settlement of the property of others directly with the owners of that property c. Negotiate the settlement of the property of others directly with the owners of that property and pay the defense costs incurred in the suit against the insured d. Only pay the expense cost and not negotiate a settlement

Business

________ can be expanded to include metrics such as search volume and social intensity as key performance indicators (KPIs)

A) Panel data B) Secondary data C) Declared data D) Observed data

Business