Answer: adverse selection
Explanation:
From the question, we are told that an
insurance company is likely to attract customers like Clancy who want to purchase insurance because he knows better that the company that he is more likely to make a claim on a policy.
The idea above is called adverse selection. This is a situation whereby either the seller or the buyer believes that he or she has more information than the other person regarding a particular product.
Answer: Yes, because the life tenant owes the holder of a remainder interest a duty to pay the property taxes.
Explanation:
Based on the information given, the holder of the remainder interest can recover the tax payment from the life tenant because the life tenant owes the holder of a remainder interest a duty to pay the property taxes.
It should be noted that it's the obligation of life tenants to pay all ordinary taxes on the land as well as the interest on the mortgage. In a situation whereby an incime isn't produced by the property like in the scenario given in the question, then the life tenant will be responsible for the taxes and the interest on the mortgage to the extent of a reasonable rental value of the land.
0.0466 It should be negative 0.0466. Calculation of annual holiday.
A holiday is a day established by custom or law on which normal activities, especially work, including business or school, are suspended or restricted. In general, holidays are for individuals to celebrate or celebrate an event or tradition of cultural or religious significance.
Holidays may be determined by governments, religious organizations or other groups and organizations. The extent to which the normal operation of the holiday is restricted may vary depending on local laws, customs, the type of work performed, or personal choice.
The term holiday is commonly used in connection with religious customs and traditions.
learn more about Holidays here; brainly.com/question/26072214
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Neither A nor B. Hope it helps!
