Find which obligations has samir breached in business

Assignment Help Financial Accounting
Reference no: EM132972468

Problem 1: Nivia and her husband buy their first home and Nivia consults with Samir, an insurance agent, about insurance to cover the mortgage should she pass away. While analyzing policies, Samir gets Nivia's file mixed up with another client's file and he accidentally forgets to ask Nivia if her husband has existing coverage with his employer. Two months after Samir recommends and delivers the policy to Nivia, he discovers his omission and realizes that Nivia is now over-insured as a result of his mistake. Which of the following obligations has Samir breached in his business conduct?

a) integrity
b) conflict of interest
c) duty of care
d) competence

Reference no: EM132972468

Questions Cloud

What is the company average accounts receivable : The company averages $9,250 in sales each day (all customers take credit). What is the company's average accounts receivable? Assume a 365-day year
Which correct response that heli should provide to gail : Gail meets with her insurance agent, Heli, to discuss her retirement, Which the CORRECT response that Heli should provide to her?
What is the web browser the user is using : What is the web browser the user is using and What is the default port number for HTTP - Explain in at least at least a paragraph
What is the net present value of this project : Assume that there is NOK10,000,000 salvage value. What is the net present value of this project if the salvage value is incorporated
Find which obligations has samir breached in business : Two months after Samir recommends and delivers the policy. Which of the following obligations has Samir breached in his business conduct?
Essentials of business research : Revisit the first two chapters of "Essentials of Business Research and propose a topic for your Business Research Project.
What is the cost of the building : Payment of property taxes on the land for 2022 and 2023 (equally for each year) 100,000. What is the cost of the building
Which of the bodies listed has prepared a series : Which of the bodies listed has prepared a series of 18 Guidelines for guidance to its members in an effort to promote consistent practices
Explain the concept of foreign policy : 1) In a brief introduction: Explain the concept of "Foreign Policy" in North America from past to current.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd