The Disadvantage of Actual Cash Value Coverage of Personal Property

question 154

Multiple Choice

The disadvantage of actual cash value coverage of personal property compared to replacement cost coverage is that it

• A)will reimburse you for replacement cost minus estimated depreciation.
• B)will reimburse you for the cash value of a new item.
• C)must be reported as a loss on your tax return.
• D)does not have to be reported as a loss on your tax return.
• E)none of the above.

Identify the social and psychological factors that can lead to resistance or susceptibility to social pressure.

Discuss how understanding social influence tactics can aid in resisting them and making informed decisions.

Recognize the normative and informational influences that lead to conformity.

Understand the concept of reciprocity and how it is used in persuasion and compliance.

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Definitions:

In Personam Jurisdiction

A court's power to bring a person into its adjudicative process; jurisdiction over the person.

Minimum Contacts

A legal standard that determines when it is appropriate for a court in one jurisdiction to assert personal jurisdiction over a defendant from another jurisdiction.

Interrogatories

Written questions sent by one party to another in a lawsuit, which must be answered in writing and under oath.

Discovery

A process of information gathering that takes place before a civil trial.