Which of the Following Is Not an Example of a Cross-Border

question 59

Multiple Choice

Which of the following is not an example of a cross-border alliance?

• A)Pharmaceutical giants Eli Lilly and Kyowa Hakko Kogyo develop and perform clinical tests of a new cancer treatment therapy.
• B)Western Union purchases the global payments division of British-owned Travelex Ltd.
• C)Deutsch,a New York-based wine importer,and Casella,an Australian wine producer,create and market the Yellowtail wine brand.
• D)Lidl,a German deep-discount supermarket chain,establishes a new wholly owned venture with a supermarket chain in Poland.
• E)American Airlines' close ties and shared reservations systems with Japan Airlines and Cathay Pacific.

Understand the duty of insurers to investigate claims and the consequences of bad faith denial.

Recognize the defenses an insurance company can use against payment on a policy and the specific conditions under which these defenses are applicable.

Comprehend the factors determining the extent of the insurer's liability in different types of insurance contracts (e.g., life, fire insurance).

Identify the conditions under which an insurance contract can be considered ambiguous, and the principles for resolving such ambiguities.

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Definitions:

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.

Corporation

A legal entity recognized by law as separate from its owners, capable of owning property, entering contracts, and being sued.

Par-value Share

A type of share that has a face value or nominal value assigned to it, which is the minimum price at which the shares can be issued.

Secured

A status indicating that a loan or credit has collateral attached to it, ensuring the lender's investment is protected.