Author Question: All of the following losses are excluded from coverage under Section II of an unendorsed Homeowners ... (Read 59 times)

NguyenJ · **on:** Jul 11, 2018

All of the following losses are excluded from coverage under Section II of an unendorsed Homeowners 3 policy EXCEPT

A) Phyllis, a medical technician, misread a lab test and the patient is suing her.
B) While using his canoe, Bert hit another canoe. The other canoe sank. Bert is being sued.
C) Violet runs a for-profit daycare service in her home. The parents of a child injured while in Violet's care are suing Violet.
D) The homeowner's son was injured when he fell off a swing in the homeowner's yard.

Question 2

It is common to use the change in long-term debt as a plug figure in the construction of a pro forma balance sheet. However, if the firm does not have long-term debt, which of the following could substitute as the final plug figure?

A) changes in short-term debt
B) changes in new equity
C) changes in the cash balance
D) All of the above