.ill TFw 9:31 PM @ * 39% Bookshelf Online 11-13. What is the purpose of having a
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.ill TFw 9:31 PM @ * 39% Bookshelf Online 11-13. What is the purpose of having a form notarized? What types of documents are commonly notarized? 11-14. What does your signature at the bot- tom of a contract mean in a court of law? Which two things should you do before sign- ing a contract? 11-15. Suki is buying a van from her father- in-law to start her flower-basket delivery ser- vice. She planned to buy auto insurance that would pay all her expenses in case she ever got into an accident. She finds that such in- surance would cost $3,000 per year, which, according to her business-plan projections, is more than she can afford. What do you think Suki should do? Why? 11-16. Some businesses sell products and services that can injure customers. List three examples and explain how these companies probably use insurance.Explanation / Answer
11-13. The purpose of a notarized form is to establish that the form is legalized and it can be served as a contract and any breach in the contract may lead to violation and legal consequences.
Documents such as agreements are notarized which ensure that both the parties involved and agreed are notarized and is done with clear knowledge and mentality. Rent agreements, contract papers and money agreement and generally notarized.
11-14. My signature at the bottom of a contract mean that I agree to the contract. The things that we should do before signing a contract is to read the contract thoroughly and understand the clause and verify it with a lawyer.
11-15. Suki should not go for the insurance at this point of time because that will cost a lot for her, instead she can do it after she has established her business to some extent which will help her manage the expenses of the insurance and also other expenses regarding the business.
11-16. The business that sell such products are some sport goods seller like roller skate or ski, Weapon seller, etc. These organizations use insurance to protect themselves in case of any issue with the customer but they also have to give a fair warning to the customer who is planning to buy the item and the insurance clause is also mentioned so that there is no discrepancy in the future.
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