Which of the following statements about the provisions of the building and personal property coverage form is (are) true?
I. A separate deductible must be satisfied for each building damaged in the same occurrence.
II. Under the replacement cost option, there is no deduction for depreciation.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
Business
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Failure of the seller's agent to provide the seller with the Agency Law Disclosure prior to entering into the listing agreement may result in:
a. payment of a $1,000 fine. b. the loss of their fee. c. jail time. d. the forfeiture of all funds in their trust.
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A bank with a large credit-card customer base can market other financial products to these customers at a low cost. This is an example of
A) economies of scale. B) economies of scope. C) becoming a superregional bank. D) none of the above.
Business