Business law #4
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Which type of insurance covers loss of or damage to vessels, cargo and other property exposed to the perils of the sea? | show 🗑
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| A friendly fire that becomes uncontrollable is considered a hostile fire for fire insurance purposes. | show 🗑
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| show | false
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| Which of the following types of social insurance provides health insurance and hospital insurance for people 65 and older? | show 🗑
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| show | no-fault insurance
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| show | coinsurance
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| show | exclusions
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| show | endorsements
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| Party who will indemnify if loss occurs | show 🗑
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| The potential loss that has been insured against | show 🗑
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| show | indemnify
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| Insurance to cover personal injury or property damage claims for which the insured is legally responsible | show 🗑
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| show | face value
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| Consideration for a contract of insurance | show 🗑
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| Potential to sustain loss due to the covered risk | show 🗑
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| Indemnifies for loss from personal negligence, chance and accident | show 🗑
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| show | false
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| show | true
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| show | losses due to inept attorneys
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| show | social
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| show | true
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| show | insurer
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| Which of the following indemnifies against the cost of medical care necessary to regain physical well-being after an illness? | show 🗑
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| The face amount of a policy is always paid whenever the covered loss is sustained. | show 🗑
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| Unemployment insurance is provided directly by the Social Security Act. | show 🗑
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| Those who die without a valid will are legally termed to have died intestate. | show 🗑
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| show | fiduciary duty
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| The insertion of a codicil on a will does NOT have to be witnessed. | show 🗑
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| If therer are no inheritors of the decdent's estate, the property escheats to __________? | show 🗑
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| show | false
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| show | false
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| show | testamentary trust
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| show | true
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| show | decedent
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| Orally made will | show 🗑
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| show | estate
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| Court appointed representative for a decendant | show 🗑
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| Intestate's personal representative (female) appointed to settle the estate | show 🗑
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| Trust created during the lifetime of the settlor | show 🗑
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| show | holographic will
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| Trust created for private reasons | show 🗑
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| show | intestate
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| show | settlor
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| Trust created for the fulfillment of an altruistic purpose | show 🗑
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| show | express trust
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| Legal vehicle used to transfer the immediate control of property to another party | show 🗑
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| show | testate
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| show | testator
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| The typical time for all creditors of the estate to file a claim against it is | show 🗑
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| A trust created during the lifetime of the settlor. | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
stephparnell