Kim Mathews,a Retired School Teacher,recently Relocated to Her Old Neighborhood

question 109

Multiple Choice

Kim Mathews,a retired school teacher,recently relocated to her old neighborhood.She called the trash collection company of her new neighborhood to enter her address but was dismayed to learn that they charged an extra $10 compared to the other companies in other areas.She complained to the company manager but was told that she had to either pay the bill or dispose the trash on her own.Kim had no other option but to pay the bill.Which of the following is the reason why Kim was treated so poorly by the company?

• A) The trash company was dependent on her repeat business.
• B) The trash company had no other competitors providing this service.
• C) It was a regulated service funded by the city's authorities.
• D) The trash company didn't want to serve retired individuals.
• E) The trash company served only the higher-income households.

---

Definitions:

Living Trust

A trust created by the grantor (settlor) and effective during his or her lifetime.

Intestacy Law

Legal provisions that govern the distribution of a deceased person's estate when they die without a valid will, determining how assets are allocated among survivors.

Estate Planning

Planning in advance how one’s property and obligations should be transferred on one’s death. Wills and trusts are two basic devices used in estate planning.

Duty of Loyalty

An obligation of fiduciaries, such as corporate directors or trustees, to act in the best interest of their beneficiaries or the corporation without conflict of interest.