State the Property or Properties That Justify the Following Statement

question 105

Multiple Choice

State the property or properties that justify the following statement.

• A) Multiplicative identity.
• B) Additive inverse.
• C) Multiplicative inverse.
• D) Additive identity.
• E) Distributive property.

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Definitions:

Insurable Interest

Any interest in property such that the owner would experience a benefit from the continued existence of the property or a loss from its destruction.

Identified Goods

Items that are designated by the buyer and seller as the specific goods involved in a contract of sale.

Risk Of Loss

The financial and legal responsibility for damages, loss, or destruction of goods during transport or transactions.

Negotiable Warehouse Receipt

A document issued by a warehouse listing goods being stored that is transferable by endorsement, allowing for the trading of the document as if it were the goods themselves.