Some Seabirds, Including Gulls and Petrels, Can Drink Seawater Because

question 45

Multiple Choice

Some seabirds, including gulls and petrels, can drink seawater because they get rid of excess salt by

• A) producing concentrated urine.
• B) producing concentrated feces.
• C) excreting salt from salt glands.
• D) laying eggs.

Understand concepts of insurable interest and its impact on various parties in a transaction.

Analyze court rulings related to insurable interest and risk of loss.

Distinguish between different types of contracts and their implications on risk of loss and delivery obligations.

Interpret how risk of loss is determined and managed in sales transactions.

---

Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset over its history, reducing its book value.

Original Cost

The initial purchase price or cost of acquiring an asset, including any expenses necessary to get the asset ready for use.

Batting Cages

Enclosed areas for baseball or softball players to practice batting.

Gain Or Loss

Gain or loss refers to the financial outcome resulting from the sale of an asset or investment, calculated as the difference between the sale price and the original purchase price.