The functional replacement provision in some property insurance policies is used when:
A) replacing a lost item is impossible
B) replacing a lost item is much cheaper than expected
C) replacing a building will cost much more than its market value
D) an insured set of objects is collectively worth more than the sum of its individual components
C
Business
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When the government does not use quotas, taxes or other means to restrict what its citizens can buy from or sell to another country, it is called _____ trade.
Fill in the blank(s) with the appropriate word(s).
Business
Anker wishes to give Mix power of attorney. In general, the power of attorney
A. May limit Mix's authority to specific transactions. B. Must be signed by both Anker and Mix. C. Will be valid only if Mix is a licensed attorney at law. D. May continue in existence after Anker's death.
Business