As a General Rule,contracts Are Assignable

question 48

Multiple Choice

As a general rule,contracts are assignable:

• A)even if the policy's terms limit assignability.
• B)if they are not life insurance policies.
• C)even without an irrevocably designated beneficiary's consent.
• D)if they are not property insurance policies.

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Definitions:

Concentration Ratios

Measures that indicate the extent of market control by leading firms in an industry, typically expressed as a percentage of total industry sales or output.

Imported Products

Goods or services brought into one country from another for sale, which can diversify consumer options and contribute to economic dynamics.

Interindustry Competition

The competition for sales between the products of one industry and the products of another industry.

Concentration Ratios

A measure used in economics to assess the extent to which a market or industry is dominated by a few largest firms.