Which of the Following Statements Is True

question 18

Multiple Choice

Which of the following statements is true?

• A)There are no ownership and control limitations to foreign ownership in Canada.
• B)Foreign investors cannot own more than 25% of a firm in commercial aircraft aviation in Canada.
• C)Foreign investors cannot own more than 50% of a firm in commercial aircraft aviation in Canada.
• D)Foreign investors cannot own more than 75% of a firm in commercial aircraft aviation in Canada.

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Definitions:

Insurer

The party who receives payments from the insured party and makes the payment to the beneficiary.

Mailbox Rule

A rule which holds that an acceptance is valid when it is placed in the mailbox, whereas a revocation is effective only when received by the offeree. In some jurisdictions the mailbox rule has been expanded to faxes.

Automobile Insurance

A type of insurance policy that provides financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise.

Premium

An amount paid periodically to the insurer by the insured for covering his risk or the cost above the nominal value of something.