QUESTION 1 Patent defects are imperfections or flaws in a structure that are oft

Question

QUESTION 1 Patent defects are imperfections or flaws in a structure that are often significant but which are not easily observed. O True O False QUESTION 2 are monetary amounts that insurance companies set aside to cover the costs of injuries that are not resolved near the time of accident occurrence. O True O False QUESTION 3 J is based on the premise that the costs of worker injuries are part of the cost of production and must be paid by the employers Please choose an insurance type for the above statement. Key-man insurance O General liability insurance Wrap-up insurance Worker's compensation insurance

Explanation / Answer

Patent defects are discoverable and open to view which are the problems with a property that a buyer finds during an inspection of buying property. so the option is False

Yes, Reserves are the monetary amounts that insurance companies set aside to cover the costs of injuries that are not resolved near the time of accident occurences. so the option is True.

Worker's compensation insurance is a program that covers the medical treatment for the injuries of the worker. The costs are part of the cost of production and must be paid by the employers. So the option is (D).

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