The best way to reduce your homeowner's insurance premiums is to
A) insure your home for only 60% of its value, since it is unlikely to be completely destroyed.
B) drop coverage for medical payments.
C) increase deductibles.
D) eliminate liability coverage.
Answer: C
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Clayton Inc is a toy manufacturer that has released a new line of action figures. The toys are meant for children between the ages of one and two
However, they come with tiny detachable weapons that can be accidentally swallowed by children of that age. Which of the following defects do the action figures have that will make them strictly liable for any injuries caused? A) defect in design B) failure to provide adequate instructions C) failure to avoid supervening event D) defect in packaging
Which of the following statements is not true of cooperative housing?
A) The cooperative holds the mortgages on the individual units. B) The cooperative has a corporate form with the individual owners holding shares in the corporation. C) The shareholders lease the individual units from the corporation. D) The shareholders can sell their ownership in the cooperative to anyone they want.