For Which of the Following Would Missing (That Is,not Taking)the

question 89

Multiple Choice

For which of the following would missing (that is,not taking) the discount be the least costly?

• A) 2/10 net 40
• B) 1/15 net 60
• C) 3/10 net 70
• D) 1/10 net 50

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Definitions:

Insurance Policy

A contract between an insurer and the insured, outlining the terms for coverage of specific risks in exchange for premiums.

Antilapse Clause

A provision in a will or estate plan that allows for the substitution of beneficiaries in the event the original beneficiary predeceases the testator.

Insurance Policy

A contract between an insurer and a policyholder that specifies the terms under which the insurer agrees to pay for losses or damages to the insured.

Arbitration Clause

An arbitration clause is a section in a contract that requires the parties to resolve disputes through arbitration instead of going to court.