Question
A clause that allows the transfer of rights under a
policy from one person to another, usually by means of a written document is called?Solution
An assignment is the transfer of an individual's rights or property to another person or business. For example, when an option contract is assigned, the option writer has an obligation to complete the requirements of the contract. If the option was a call, the writer would have to sell the underlying security at the stated strike price. If it was a put, the writer would have to buy the underlying security at the stated strike price.
A 120 litres mixture contains 40% milk and rest water. How much water should be added to the mixture, such that milk constitutes 25% of the resultant mi...
- In a container, oil and diesel are mixed in the ratio 3:2. If 9 litres oil and 4 litres diesel are added, the ratio becomes 5:3. Determine the original qua...
A vessel contains 500 liters of diesel and kerosene in the ratio 6:4. If x liters of diesel and 2x liters of kerosene are added, both become equal in ...
150 litres of Mixture ‘A’ (water + alcohol) contains 32% water and remaining alcohol while 112 litres of mixture ‘B’ (milk + water) contains 20 ...
150 litres of a mixture contains 30% milk and rest water. If ‘x’ litres of milk is added into the mixture then quantity of water in the final mixtur...
A 40 L mixture of milk and water has milk:water = 3:2. How much water should be added to make milk:water = 3:4?
40 litres of a solution contains 20% milk. After adding 'd' litres of pure milk, the quantity of milk becomes 150% more than the quantity of water. If m...
There are two containers having equal quantities of mixtures of two chemical types A and B. The 1st container contains 30% of type A chemical whereas th...
A milkman mixed equal quantities of two mixtures, ‘A’ and ‘B’. In mixture ‘A’, the milk-to-water ratio is 5:2, while in mixture ‘B’, it ...
The ratio of milk to water in a mixture is initially 3:7. When 9 liters of milk and 29 liters of water are added to this mixture, the ratio of milk to w...
