Caib 1 exam stuvia - Study guides, Class notes & Summaries
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CAIB 1 Exam Questions & 100% CORRECT Answers
- Exam (elaborations) • 12 pages • 2023
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CAIB 1 Exam Questions & 100% CORRECT Answers 
 
Consideration is... 
a. The law of insurance 
b. A promise between parties 
c. A contract's binding force 
d. An exchange of something of value - ANSWER - d. An exchange of something of value 
 
A stock company is... 
a. A company that invests in other companies 
 
b. A company owned by stockholders who provide the capital to start and run the company 
 
c. Is owned by customers of the company 
 
d. A company that owns livestock - ANSWER -...
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CAIB 1 2023 Exam | Questions & 100% Correct Answers
- Exam (elaborations) • 9 pages • 2023
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CAIB 1 2023 Exam | Questions & 100% Correct Answers
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