The Value of the Consideration Paid to Keep a Costly

question 57

Multiple Choice

The value of the consideration paid to keep a costly but very adequate policy in good standing will most likely provide strong support for which of the following?

• A) failure to protect the creditor's rights to the pledged property
• B) the right to be compensated for occurrence of an insured event
• C) entitlement based on strict use and simple registration of the policy
• D) the courts' need to balance value of tangible and intangible property

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Definitions:

Management

The process of dealing with or controlling things or people, which includes planning, organizing, leading, and controlling an organization’s resources to achieve specific goals.

Universal Declaration

Often refers to the Universal Declaration of Human Rights adopted by the United Nations General Assembly, outlining basic human rights to be universally protected.

Human Rights

The fundamental rights and freedoms that every person is entitled to, regardless of nationality, place of residence, sex, national or ethnic origin, color, religion, language, or any other status.

Trade Unions

Organizations formed by workers from related fields that work toward protecting their mutual interests and improving conditions such as wages, working hours, and workplace safety.