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Author Question: Appliance World sells small appliances. The store purchased an ISO crime coverage policy. Last ... (Read 47 times)

Shelles

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on: Jul 11, 2018
Appliance World sells small appliances. The store purchased an ISO crime coverage policy. Last night, someone used a crowbar to pry open a locked door, leaving marks of forced entry. The thief took a number of appliances.
 
  The crime that occurred in this case is called
  A) burglary.
  B) shoplifting.
  C) larceny.
  D) robbery.

Question 2

Which of the following statements is (are) true with respect to the differences between insurance and surety bonds?
 
  I. Insurance is a two-party contract; surety involves three parties.
  II. Insurers usually do not have the right to recover a loss payment from an insured, while a surety does have the legal right to recoup a loss payment.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


kiamars2010

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C


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