Consumer Experts Typically Recommend All of the Following Rules When

question 42

Multiple Choice

Consumer experts typically recommend all of the following rules when buying life insurance EXCEPT

• A)Consider the financial strength of the insurer.
• B)Deal with a competent agent.
• C)Ignore all factors other than cost.
• D)Shop around for a low-cost policy.

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Definitions:

Uniform Commercial Code

A set of laws that provide a standardized and comprehensive framework for the regulation of commercial transactions across the United States.

Cure

A breaching party’s right to provide conforming goods when nonconforming goods were initially delivered; subject to a reasonable time test.

Perfect Tender Rule

A legal principle in commercial law that sellers must deliver goods that exactly meet the terms of the contract without any deviation.

Material Breach

A substantial breach of a significant term or terms of a contract that excuses the nonbreaching party from further performance under the contract and gives the nonbreaching party the right to recover damages.