Author Question: There are a number of implied warranties in ocean marine insurance. One implied warranty is that the ... (Read 97 times)

rlane42 · **on:** Jul 11, 2018

There are a number of implied warranties in ocean marine insurance. One implied warranty is that the vessel is properly constructed and maintained, and that it is properly equipped for the voyage to be undertaken. This implied warranty is the warranty of

A) seaworthiness.
B) barratry.
C) no deviation from planned course.
D) legal purpose.

Question 2

The Sarbanes-Oxley Act, or SOX

A) holds corporate advisors strictly accountable in a legal sense for any instances of misconduct.
B) pretexts the interests of shareholders by providing greater protection against accounting
fraud and financial misconduct.
C) reduces the cost of financial reporting by standardizing reporting requirements.
D) accomplishes both A and B.