Identify the policyholder who transfers the title of the policy.a.Consignee.b.Nominee.c.Assignor.d.Assignee.

Answered: Identify the policyholder who transfers…

Business

Accounting

Identify the policyholder who transfers the title of the policy.

Business Its Legal Ethical & Global Environment

10th Edition

ISBN:9781305224414

Author:JENNINGS

Publisher:JENNINGS

Chapter13: Contracts And Sales:performance And Remedies

Section13.1: Defenses In Contract Formation

Problem 2CQ

See similar textbooks

Related questions

Q: Distinguish between responsibility, authority, and accountability.

A: Responsibility: When a sub-ordinate is obligated to perform the duties assigned to him, it becomes…

Q: Define each of the following terms:a. Agent; principal; agency relationship

A: Answer: Agent: An agent is one who provides work on principal’s behalf. Principal authorizes agent…

Q: Describe how monies received by an organization functioning as an agent, trustee, or intermediary,…

A: Contribution: The term "contribution" refers to an act or money made for a specific cause. It is a…

Q: roles of directors in apublis c

A: Step 1 - Role of board of directors The roles of the board of directors are given below. 1.) The…

Q: A. Code of cc B. Policies an

A: The right option is D. Ethical code

Q: Which type of plan is used to manage an event that has reoccurrence? a. Rules b. Single Use Plan c.…

A: There are various types of plans which are prepared by business organization so that decisions can…

Q: When does an agency relationship happen

A: Agent Relationship : The official stipulations of a specific principal-agent relationship are…

Q: ident citizen provid ar:

A: Income tax is the tax levied on the total income generated during the accounting period by the state…

Q: Define subordinated debenture

A: Companies issue the debentures against the assets to raise the funds easily from the public and pays…

Q: detail "duditing End What statement Değine duuliting and abat the salement stagts in where…

A: All the transactions will be recorded in the journal book in a chronological manner. It is the first…

Q: 2. Her efforts on negotiation contracts, obtaining competitive bids and establishing control…

Q: What are the goals of the SEC?

A: Securities and Exchange Commission (SEC): SEC is a governmental agency that has the legal power, for…

Q: what you consider as effective board pract

A: We consider Effective Board practices as; A diverse board of directors with diverse members…

Q: Define each of the following terms:c. Absolute priority doctrine; relative priority doctrine

A: Absolute priority doctrine: Absolute priority doctrine is the primary law of bankruptcy that has…

Q: ___________________________________consists of identifying alternatives, selecting from among…

A: Managerial accounting: Managerial accounting is a system, or a process of collecting and organizing,…

Q: The FASB’s conceptual framework sets forth the Board’s views on which topics?

A: This is the organization that creates, develops, and approves accounting standards; and…

Q: Identify the following users as either external users (E) or internal users (I). Directors

A: Users of information: Users of information can be classified as internal and external users.…

Q: what are the objectives of the client representation letter?

A: Client representation letter refers to the vital evidence piece in audit and the representation as…

Q: Discuss how the performance and effectiveness of the board can be assessed.

A: As the performance of each employee in the organization is evaluated and analyzed time to time, it…

Q: Which of the following are the rights of agents: A Right of subsidy; right of support B Right of…

Q: 'The policy instrument must be observable and measurable, it must be controllable by the Centra…

A: Policy instrument refers to the techniques that are used by the authorities of government or the…

Q: Explain how copmany approch to planing and its mission can be translated inti action plans

A: Planning: Planning refers to the process which helps in bridging the gap between the point the…

Q: a) What is the IPSASB and reason(s) it was established? b)What are the objectives of the IPSASB?…

A: Answer to the Part (a) The IPSASB stands for the International Public Sector Accounting Standards…

Q: Define each of the following terms:f. Best efforts arrangement; underwritten arrangement

A: Introduction: There are two techniques utilized by the corporations to vend their stocks that is…

Q: Describe disclosures related to management’s discussion and analysis, responsibilities, and…

Q: Discuss the difference between the Management Letter and the Legal Representation Letter

A: Definition: Auditing: In auditing, auditors verify the correctness and fair presentation of…

Q: Explain how securitisation works and what the role is of each party involved during the process

A: Financial securities are the instruments that are used by investors to invest their funds and money…

Q: The meaning of the term “fund” depends on the contextin which it is used. Explain its meaning when…

A: If the fund is a noun: Fund is termed as the contribution of money or an account created by the…

Q: Mutual agency is defined

A: In a partnership, two or more parties agree to operate and manage a business and share the profits…

Q: what arw the objectives of engagement letter

A: SOLUTION ENGAGEMENT LETTER IS A WRITTEN AGREEMENT THAY DESCRIBES THE BUSINESS RELATIONSHIP TO BE…

Q: Role of a Director

A: The director of a company is the person that manages the company on behalf of its shareholders.

Q: Define debenture

A: Debentures will be issued by corporations and governments to raise the funds easily from the public…

Q: What major types of items are reported in the retainedearnings statement?

Q: Which of the following terms is used to describe the process of developing the organization’s…

A: Improving process: it is a process of identifying and analysing of existing process improving them…

Q: Locate and describe the primary policy-making organizations and their involvement in the development…

A: This question about explains the primary policy-making organizations and their involvement in the…

Q: Design a guideline for selecting a public policy evaluation method in your organization

A: The question is based on the concept of policy evaluation framework to study the content and impact…

Q: (a) Draft a core Mission and Vision for HHG and justify it in relation to the background information…

A: Mission To provide reliable, high quality service using the latest medical techniques and highly…

Q: Distinguish between responsibility, authority, and accountability.

A: Responsibility: When a sub-ordinate is obligated to perform the duties assigned to him, it becomes…

Q: Distinguish between responsibility, authority, and accountability

A: Responsibility: When a sub-ordinate is obligated to perform the duties assigned to him, it becomes…

Q: 5. Which of the following statements is corrèct? I. The Conceptual Framework sets out the standards…

A: Solution Note : As per the Q&A guideline we are required to answer the first question only .…

Q: Which of the following is the operative function of HRM? O a. Compensation O b. Organizing O C.…

A: HRM means the human resource management. This department deals with the human resources of the…

Q: Distinguish between ethical issues and legal issues.

A: Definition: Ethics: Ethics are moral obligations that are enforced by society or personal beliefs.…

Question

Identify the policyholder who transfers the title of the policy.

Consignee.

Nominee.

Assignor.

Assignee.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

WHAT ARE SOME EXAMPLES OF POLICY CREDITS AND ADMINISTRATIVE GUIDANCE
Which is the first step within the hierarchy of guidance when selectingaccounting policies? A. Apply a standard from PFRS if it specifically relates to the transaction B. Apply the requirements in PFRS dealing with similar and related issue C. Consider the applicability of the definitions, recognition criteria and measurement concepts in the Conceptual Framework D. Consider the most recent pronouncements of other standard setting bodies
Describe stakeholder orientation at REI.
Using illustrations where possible, discuss the components of a policy statement
Distinguish between responsibility, authority, and accountability. Which flow upward and which flow downward?
Role of a Director
what arw the objectives of engagement letter?
Which standards are considered universal under the GRI? A. economic, environmental, social B. foundation, general disclosures, management approach C. foundation, economic, general disclosures D. management approach, economic, social
At which step or steps in the decision-making process do qualitative considerations generally have the greatest impact?a. Specifying the criterion and identifying the alternatives. b. Developing a decision model. c. Collecting the data. d. Making a decision. e. Identifying the alternatives
Financial information that is capable of making a difference in a decision is a) relevat b) faithfully representative c) convergent d) generally accepted