Legal and Regulatory Compliance NBE #1

Punitive

Damages in excess of those required to compensate the plaintiff for the wrong done are ?

yes

Paul Johnson wants to do away with the casket price list and outer burial container price list by listing all of his casket and outer burial containers on his GPL. Is this permissible under the FTC Funeral Rule ?

List only lowest and highest usually offered caskets

What is the FTC minimum for listing the prices of caskets on the GPL ?

The golden rule

Which of the following is a rule of ethical conduct found in most major religions?

Newspaper notices

Which of these charges may legally be shown on the statement of funeral goods and services selected in addition to the package called direct burial ?

whole life policy

a life insurance policy in which premium payments continue until death occurs is classified

gratuitous bailment

bailment in which the bailee does not receive any compensation or advantage

Disaffirmation

the right a minor has to avoid a contract is termed

void

A contract in which undue influence was proven is considered

an oral will

A nuncupative will is _________________.

A minor

A person below the age of majority is

Four

The FTC Funeral rule requires a minimum of ______ packages on the GPL

one year

The funeral director is required by the funeral rule to retain all price lists for a ____ period from the date the price list were last distributed

appointment

The most common method of creating an agency is by