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A(n) ____________ is a check that is presented for payment more than six months after its date.

Which of the following is true of coinsurance?

A protection that insures property that cannot be covered by specific insurance because the property is constantly changing in either value or location is referred to as a(n):

The right to equity of redemption:

An uninsured motorist drove through a red light and hit the passenger side of David’s car. David, the driver, suffered a concussion, and the passenger, Jayne, broke her right arm and leg. David’s car sustained extensive damages that would cost $2,000 to repair. If David has uninsured-motorist insurance, the coverage will:

If a bank pays a forged check, it is liable for ____________ the payee’s funds.

A(n) ____________ occurs when the ____________.

A(n) ____________ is an amount of any loss that is to be paid by the insured and can be a specified dollar amount, a percentage of the claim amount, or a specified amount of time that must elapse before benefits are paid.

Omar receives a check from Trudy drawn on Shelfari Bank. Shelfari Bank improperly dishonors the check when Omar attempts to cash it. Which of the following is true of this case?

Winston was going to be out of town on September 1, when his rent would be due. On August 20 he gave his landlord Becky a check dated September 1, with instructions not to deposit or cash the check until September 1. As the instructions to Becky were clear, he did not notify the bank of the postdated check. On August 21, Becky deposited the check in her account at her bank and the check was dishonored on August 23. Which of the following is true of this scenario?