The given statement is FALSE.
Explanation:
This is an example of adverse selection.
Adverse selection applies to a case in which the purchasers and distributors of the insurance policy don't have the same details at their fingertips. A typical definition of health insurance is where a person wants to learn if he is ill and in need of health coverage before paying for a health insurance package.
Examples of adverse selection in life insurance involve cases when a person with a high-risk career, such as a racing car driver or someone dealing with weapons, obtains a life insurance policy without the need for an insurance provider realizing that they have a risky position.
There are different kinds of cases. The answers to the questions are blow.
- Before any court can hear any dispute between Miriam and the trucking company, it must have the jurisdiction to do so.
- In order for Marya to sue the trucking firm, she has to file the lawsuit in a court that also has personal jurisdiction over the <u>Defendant</u>.
- Georgia and Florida have personal jurisdiction over the trucking firm?
Yes, Marya sue the trucking firm in Georgia and Florida state courts.
Miriam would likely NOT want to sue the trucking firm in Georgia because she would need to;
- Get a lawyer in Georgia
- Make multiple trips to Georgia
- Have witnesses travel to Georgia.
Miriam would likely want to sue the trucking firm in Florida because:
1. The court is closer to her home
2. She can better research for local lawyers
- Miriam can sue the trucking firm in a federal trial court because residents of different states.
<h3>What takes place in a court case?</h3>
In a trial done in a court, lawyers often present evidence via witnesses who are known to testify about what they have seen or known.
After all the evidence had been presented, the lawyers will then give their closing arguments and lastly, the jury then decides if the defendant is guilty or not guilty.
Learn more about jurisdiction from
brainly.com/question/681072
Answer: 9.04%
Explanation:
1 year rate today = 5% = 0.05
2 years rate today = 7% = 0.07
Maturity of longer bond = 2
The ending return if the 2 years bond are bought will be thesame as the needed return on series of a year bond which will be 1.1449
The market's forecast for 1-year rates 1 year from now will be calculated as:
= 1.05(1+X) = 1.1449
1.05 + 1.05X = 1.1449
1.05X = 1.1449 - 1.05
1.05X = 0.0949
X = 0.0949/1.05
X = 0.090381
X = 9.04%
Answer:
always be it and never fail
Explanation:
Answer:
Perfection records in it's books an Investment in Associate of $486,000
Explanation:
Hi, your question has missing information, i tried to look for the full question online but I could not find it.
However, I have prepared below explanation to the problem.
When a firm has investments into another firm of less than 50% voting rights in stake but greater than 20% we say that firm has significant influent in the investee. The firm is said to have an Investment in an Associate.
Investments in Associates are always recorded using the Equity Method of Accounting.
<u>Entries for Investment in Associate are :</u>
Debit :Investment in Associate ($1,944,000 × 25%) $486,000
Credit : Share of profits of associate $486,000
Conclusion :
Perfection records in it's books an Investment in Associate of $486,000
