1. Dan bought an electric drill from Bob's Hardware Center. The drill was manufactured by the Drill Company of America. Dan's neighbor, Al, borrowed the drill and was injured when a wire inside the drill short-circuited, delivering an electric shock to Al. Dan feels so badly about Al's injury he wants to sue to recover a pint of revenge. Under the privity of contract doctrine, who can he sue?

	a.	He cannot sue anyone successfully.
	b.	Drill Company of America
	c.	Bob's Hardware Center
	d.	Either b or c
	e.	Both b and c

2. Companies are legally liable for injuries to their

	a.	Own employees.
	b.	Customers' property.
	c.	Customers.
	d.	b and c
	e.	a, b, and c

3. Of the following, which had the greatest impact in standardizing insurance regulations across the US?

	a.	Rule XXX
	b.	TRIA
	c.	Southeastern Underwriters Association
	d.	The Appleton Rule
	e.	The Sherman Anti-Trust Act

4.

Which is not one of the seven basic coverage options comprising CPP policies?

	a.	Commercial crime
	b.	Commercial general liability
	c.	Commercial property
	d.	Farm liability
	e.	Commercial bonds

5.

Which of the following statements is true?

	a.	Banks may acquire insurance companies.
	b.	Insurance companies may acquire banks.
	c.	Brokerage firms may acquire insurance companies.
	d.	a and b
	e.	a, b, and c