Ellen, Who Has a Good Driving Record, Purchases Automobile Insurance

question 35

Multiple Choice

Ellen, who has a good driving record, purchases automobile insurance from an insurance company. Ellen cannot assign her rights to be insured to another driver for which of the following reasons?

• A) The assignment would materially alter the risk and duties of the insurance company.
• B) Claiming insurance is a future right and hence cannot be assigned.
• C) Insurance is a personal service contract and hence cannot be assigned.
• D) Personal contracts like insurance are assignable only with the agreement of all parties involved in the contract.

Recognize the shift to a freely floating exchange rate system and its significance.

Evaluate strategies for managing the current account deficit.

Comprehend the role of reserve currencies in global finance.

Assess the impact of foreign investment in domestic economic control.

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Definitions:

Lynching

Lynching refers to the illegal execution of an individual by a mob, typically by hanging, without legal trial, often motivated by racial prejudice.

Black Farm Workers

Agricultural laborers of African descent, who may face unique challenges and disparities in working conditions and opportunities.

Cotton Industry

A sector of the economy focused on the production, processing, and distribution of cotton, historically important to the textile industry.

Traditional Norms

Conventional rules and values that govern behaviors and practices within a society or group, typically passed down from one generation to the next.