Author Question: Graham is a cashier at a convenience store. A customer pulled a gun on him, and said that he would ... (Read 118 times)

EY67 · **on:** Jul 11, 2018

Graham is a cashier at a convenience store. A customer pulled a gun on him, and said that he would shoot Graham unless he gave him all the money in the cash register. This crime, which is covered under the ISO commercial crime coverage form, is called

A) extortion.
B) murder.
C) robbery.
D) burglary.

Question 2

All of the following statements about a surety are true EXCEPT

A) A surety theoretically expects no losses to occur.
B) The principal is the party who agrees to answer for the debt, default, or obligation of another party.
C) The surety has the legal right to recover a loss payment from the defaulting principal.
D) There are three parties to a surety bond: the principal, the surety, and the obligee.