In the Aftermath of the Sinking of the British Passenger

question 43

Multiple Choice

In the aftermath of the sinking of the British passenger liner Lusitania,

• A) the United States declared war on Germany.
• B) Germany pledged to the United States it would not repeat such an action.
• C) President Wilson prohibited Americans from traveling to Europe.
• D) Great Britain began an intensive campaign to build a submarine fleet.
• E) the United States began leasing its submarines to Great Britain.

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Definitions:

Principal and Agent

A relationship where the principal grants authority to the agent to act on the principal’s behalf in dealing with third parties.

Insurance

A financial product offering protection against possible future losses or damages in exchange for premium payments.

Trusts

Legal arrangements where one person, the trustee, holds property for the benefit of another, the beneficiary, according to the terms of the trust document.

Customary Compensation

Refers to the typical or usual payment made for a service or to fulfill a contractual obligation.