Liam was the beneficiary of a life insurance policy on his wife. liam had paid $20,000 in premiums on the policy. be collected $50,000 on the policy when his wife died from a terminal illness. because it took several months to process the claim, the insurance company paid liam $52,000, the face amount of the policy plus $2,000 interest. liam is not required to recognize any income from the above transactions.
a. trueb. false

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.