In: Operations Management
QUESTION 11
Professionals such as doctors, lawyers, and accountants often purchase _____ insurance to protect themselves against claims made by disgruntled patients or clients.
disability | ||
health | ||
term | ||
malpractice | ||
whole-life |
QUESTION 12
In the case of life insurance taken on someone else's life, who must have an insurable interest in the subject matter?
the beneficiary | ||
the grantor | ||
the assured | ||
the insurer | ||
the insured |
QUESTION 13
A landlord will be liable even if he has no duty to repair but negligently makes repairs that themselves turn out to be dangerous.
True
False
QUESTION 14
The exclusion of implied warranties in general states that _____.
the buyer who has neither examined, nor refused to examine the goods before entering into the contract, may not assert an implied warranty concerning defects an inspection would have revealed | ||
the Uniform Commercial Code does not permit the seller to disclaim, or modify the implied warranty of merchantability, as long as the statement actually mentions "merchantability" | ||
for an implied warranty or merchantability, the disclaimer need not be in writing | ||
for an implied warranty of fitness, the disclaimer need not be in writing | ||
the Uniform Commercial Code does not permit the seller to disclaim, or modify as implied warranty of fitness |
QUESTION 15
A _____ is any document that evidences the receipt of goods for shipment issued by a person engaged in the business of transporting or forwarding goods.
waybill | ||
letter of credit | ||
packing list | ||
delivery order | ||
bill of lading |
Question 11: Malpractice Insurance
Malpractice insurance is a type of professional liability insurance purchased by healthcare professionals
Question 12: The beneficiary
The beneficiary needs to have the insurable interest in the subject matter
Question 13: True
It is the responsibility of the landlord to provide the house in a good working condition. So he is still liable even when he makes negligent repairs
Question14: for an implied warranty or merchantability, the disclaimer need not be in writing
Question15: Delivery Order
It is a document from a consignee, or an owner or his agent of freight carrier which orders the release of the transportation of cargo to another party.