The California “standard form” policy of title insurance on
real property insures against loss occasioned by a forgery in the chain of
recorded title.
To add, standard form policy is an insurance policy form that is
designed to be used by many different insurers and has exactly the same
provisions, regardless of the insurer issuing the <span>policy.</span>
Answer:
rounding to two decimal places: 11.11%
Explanation:
we can se the approximate formula for YTM
C= 57.5 (1,000 x 11.5%/2)
Face value = 1000
P= 1050 (market value)
n= 24 (12 years x 2 payment per year)
semiannual YTM = 5.4065041%
This is a semiannual rate as we consider semiannula payment.
We need to convert into annual rate:
YTM 11.1053109921343000%
rounding to two decimal places: 11.11%
Answer:
D
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Profit is maximised where marginal cost equals marginal revenue.
Answer:
B, a license
Explanation:
A license is an official permit issued by a person or body in authority to do, own or use a thing. A license could be granted as a sign of agreement between parties on a particular thing.
From the question, Elsa gave Gina license to use her farm land as a camp for one night. After one night, the license expires.
I hope this helps.
