Business Law Notes, Questions, and Study Resources

What is a POS? Select all that apply. A client requesting a will & testament A client we already have on the books A client that doesn't qualify for life insurance A lead that's sourced via Facebook ad Policy Owner Servicing

What are the upper and lower bands for PREFERRED whole life? Select both that apply. $59,999 $1,000 $120,000 $34,999 $35,000 $60,000 $119,999 $500,000

A product made in conformity with a manufacturer’s design specifications is not considered defective regardless of a flaw in the design. Group of answer choices True False

Under the doctrine of strict liability, a defendant’s liability depends on privity of contract. Group of answer choices True False

Juliah, married out of community of property to Pieter, died intestate on 1 October 2024. She is survived by the following persons: 1. 2. 3. 4. Pieter, her spouse; Her two daughters, Sue and Lara; Three grandchildren, Lucy and Olga (children of a predeceased son, Chris) and Ethiel, Sue's son; Debbie, Susan's daughter from a previous marriage. REQUIRED: Show how this intestate estate will be distributed, with the aid of a diagram, if the distributable amount in Susan’s estate amounts to R3 100 000.

Cartels are difficult to maintain because a. ​the number of firms is always large. b. ​each firm has an incentive to deviate from its agreed output level. c. ​the monopoly output is very difficult to determine. d. ​costs to the firms in a cartel are continually rising.

What ethical issues arise from fabricating data? Is anyone harmed when data is fabricated? Take this scenario out of the science classroom and into a nursing setting. Would your opinion on the ethics of the situation change if the scenario shifted to a nurse fabricating information on a patient's chart? What does the Christian worldview say about the falsification of information?

What does it mean if information is cost effective? Information should have the ability to have an impact on the decisions of users The benefits of providing financial information exceed the costs of doing so Information should accurately reflect the economic condition of the business Information must be able to be understood by users