Which of the Following Is Correct with Respect to the Meaning

question 11

Multiple Choice

Which of the following is correct with respect to the meaning of an insurable interest?

• A) The insurance company must have received a premium before it can be said to have an interest in the agreement and be bound to pay when a claim is made.
• B) This term describes when a person has taken out insurance on something.
• C) The beneficiary or person receiving payment must have an ownership interest in the thing being insured.
• D) An insurable interest means that the person causing the loss is required to show enough interest in what he is doing to be careful.
• E) The person taking out the insurance contract must be in a position that he will suffer a loss equal to the amount claimed if the insured-against event occurs.

Recognize the importance of studying viruses in understanding disease mechanisms.

Explain the life cycle of viruses and their interaction with host cells.

Describe the evolution and diversity of microorganisms including viruses and bacteria.

Understand the role of microbes in human health and disease.

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Definitions:

Conditional sale contract

An agreement where the sale is conditional upon certain terms, often used in property and vehicle sales where possession is granted but legal ownership is retained by the seller until full payment is received.

Compounded monthly

The process of adding interest to the principal sum of a loan or deposit, where the interest is added monthly.

Compounded monthly

The process of calculating interest on an investment or loan each month, with each month's interest added to the principal.

Economic value

The worth of a good or service as determined by the market and the price a buyer is willing to pay.