Edy Obtains a Property Insurance Policy with First Source Insurance

question 12

Multiple Choice

Edy obtains a property insurance policy with First Source Insurance Company for Edy's fishing trawler.First Source can cancel the policy

• A)if Edy appears as a witness in a case against First Source.
• B)if Edy fails to pay the premiums.
• C)if Edy makes changes that add to the trawler's value.
• D)under no circumstances.

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Definitions:

Sherman Antitrust Act

A landmark 1890 U.S. legislation aimed at regulating competition among enterprises, preventing monopolies, and promoting fair business practices.

Cross-Border Mergers

Mergers involving companies headquartered in different countries with the aim of expanding market reach, efficiency or capabilities.

Sherman Act

An 1890 United States antitrust law aimed at preserving competitive markets by prohibiting monopolies, cartels, and other forms of collusion that restrict trade.

Federal Economic Policies

Strategies implemented by a government to manage its economy, involving decisions on taxation, government spending, and monetary supply.