Bonita and Laraleigh Want to Create a Relationship with Insurance

question 65

Multiple Choice

Bonita and Laraleigh want to create a relationship with insurance broker Lee Kim.If they want to use the most common method available to accomplish the desired outcome,how should they proceed?

• A) deposit
• B) retainer
• C) contract
• D) letter of intent

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Definitions:

Holder In Due Course

A legal term for a party who has acquired a negotiable instrument in good faith and for consideration, and thus has certain protections against claims and defenses that could be raised against the original issuer.

Categorically States

Expresses or asserts something in a manner that is clear and unequivocal.

Authorized

Authorized means having the official permission or approval to do something, especially in a legal or business context.

Liable

Legally responsible or obligated to make restitution or compensation for harm or breach.