Examlex
Which of the following is an example of a durable good?
Death Benefit
A sum of money paid by an insurance policy or retirement plan to the beneficiary upon the death of the insured person or plan holder.
Losses
The negative financial impact that occurs when expenses exceed revenues, or due to unforeseen events or damages.
Mutual Mistake
An error shared by all parties in a contract, leading to a misunderstanding regarding a fundamental fact or element of the agreement.
Fraud
Deliberate deception or misrepresentation intended to result in an unfair or unlawful gain.
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