The SAFE act assures the payment of otherwise non-collectable court judgments against licensees who have committed fraud, misrepresentation, deceit, or conversion of trust funds in a transaction.
<h3>What is the SAFE act?</h3>
This was the act in the United States that made it mandatory for houses to be registered and licensed.
The act is based on houses that are used as residences. The full meaning of the act is the Secure and Fair Enforcement for Mortgage Licensing Act.
The main purpose of the SAFE act is to try to ensure that consumers are protected and also help in the reduction of fraud. This would be done by setting a standard for licensing and the originators of mortgage loans.
Hence the correct answer to the question is the SAFE act.
Read more on court judgement here; brainly.com/question/14077067
#SPJ1
Answer:
work as contractors and must add Urgent.ly and Honk to their insurance policies.
Explanation:
Both Urgent.ly and Honk are apps that help drivers get roadside assistance if they lack roadside coverage either from their insurance company or the car's warranty. Honk also provides features that allow you to pay for parking fees.
Both companies work similarly to Uber or Lyft, since they do not own the tow trucks. The tow trucks are owned and operated by associates that join them.
Suppose that the market for labor is initially in equilibrium. If the firm employs labor-saving technology, the equilibrium wage and the quantity of labor will both rise.
<h3>How do you calculate labor market equilibrium?</h3>
The labor market is in equilibrium when supply equals demand; E* workers are employed at a wage of w*.
In equilibrium, all persons who are looking for work at the going wage can find a job.
<h3>What is equilibrium wage rate?</h3>
The equilibrium market wage rate is at the intersection of the supply and demand for labor.
Employees are hired up to the point where the extra cost of hiring an employee is equal to the extra sales revenue from selling their output.
Learn more about equilibrium here:
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<h3>#SPJ4</h3>
Answer:
The correct answer is letter "B": existence, completeness, and rights and obligations.
Explanation:
Assertions are management claims about certain matters regarding a company. Those claims are raised as a result of <em>auditing</em> the firm's financial statements. There are three (3) types of assertions which are:
- Transaction-level assertions: <em>accuracy, classification, completeness, cutoff, and occurrence.
</em>
- Account balance assertions: <em>completeness, existence, rights and obligations, and valuation.
</em>
- Presentation and disclosure assertions: <em>accuracy, completeness, occurrence, rights and obligations, and understandability.</em>
Answer:
The purpose of life insurance is to provide financial protection to surviving dependents after the death of an insured. It is essential for applicants to analyze their financial situation and determine the standard of living needed for their surviving dependents before purchasing a life insurance policy.
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