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AzJose AzJose
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7 years ago
Tenth National Bank extended a $2 million loan to ABC Development Company. Tenth National accepted a mortgage on a building as collateral for the loan. The mortgagee's signature on the loan, however, was a forgery. The resulting loss is covered by which financial institution bond coverage?
A) Insuring Agreement A— Fidelity
B) Insuring Agreement D—Forgery or Alteration
C) Insuring Agreement E—Securities
D) Insuring Agreement G—Fraudulent Mortgages
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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7 years ago
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AzJose Author
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7 years ago
Smart ... Thanks!
smdavis
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Yesterday
This site is awesome
veronee_madison
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2 hours ago
Good timing, thanks!
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