Evaluate the Expression $\log _ { 12 } 3 + \log _ { 12 } 48$

question 52

Multiple Choice

Evaluate the expression. $\log _ { 12 } 3 + \log _ { 12 } 48$

• A) \(1\)
• B) \(2\)
• C) \(3\)
• D) \(4\)
• E) \(5\)  

Recognize the principles governing insurance contracts, the collection of claims, and the interpretation of ambiguous clauses in favor of the insured.

Understand the concept of externalities and their impact on public welfare.

Comprehend how property rights and negotiations can address external costs.

Grasp the principles of the Coase theorem and conditions for its application.

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Definitions:

Agreement

A mutual understanding or arrangement between two or more parties outlining their respective rights and duties.

Novation

Novation is the legal act of replacing an existing obligation with a new one, substituting a new party or obligation into an original contract.

Original Promisor

The individual or entity who initially makes a promise in a contractual agreement, especially in contexts involving subsequent assignments or transfers of obligations.

Original Promisee

The individual or entity to whom a promise or commitment is initially made in a contractual agreement.