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Chapter 34 Assessment Answers
Matching Key Terms
1. c 3. b 5. e
True/False Quiz
6. T 14. F
7. F 15. F
Discussion Questions
21. The malpractice of professionals is considered more serious by society because their specialized
24. A prospective buyer of a business would have to rely on financial statements prepared by
26. The conscientious performance of duty is the best safeguard. Professional associations conduct
Thinking Critically About the Law
29. The insurance industry can and does refuse to insure those who pose an undue risk of loss
30. While there is no clear line between a reasonable number of securities trades and churning,
Case Questions
32a. Y
33a. Y
34a. Y
Case Analysis
36. Principle of law: An architect is responsible for negligence in the performance of contractual
37. Principle of law: An insurance agent is responsible for assuming the responsibilities commonly
38. Principle of law: A financial planner is responsible for negligence in the performance of
Legal Research
39. Many local insurance agents and brokers offer various forms of insurance, such as life, health,
40. Cases of professional liability and the basis upon which it was decided can be found by
BONUS ACTIVITIES
Divide the class into small groups. Ask each group to conduct research on a professional
Assign a brief individual essay. Each student should write about the various forms of insurance
