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Author Question: There are a number of implied warranties in ocean marine insurance. One implied warranty is that the ... (Read 31 times)

rlane42

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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.


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leahm14

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

Answer: A

Answer to Question 2

D


rlane42

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Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

meow1234

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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