1. Was Johnsons misrepresentation material? 2. What is the appropriate remedy? Johnsons father (and beneficiary) argued that...
Question:
1. Was Johnson’s misrepresentation material?
2. What is the appropriate remedy? Johnson’s father (and beneficiary) argued that he should pay the company the difference between the low premium of a nonsmoker and the higher premium the company would have charged if it had known that Johnson smoked. Do you agree?
3. What is the moral of this story?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 93% (15 reviews)
1 Yes the court held that it was 2 The court held that a poli...View the full answer
Answered By
John Kimutai
I seek to use my competencies gained through on the job experience and skills learned in training to carry out tasks to the satisfaction of users. I have a keen interest in always delivering excellent work
4.70+
11+ Reviews
24+ Question Solved
Related Book For
Introduction To Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff Rey F. Beatty, Susan S. Samuelson
Question Posted:
Students also viewed these Business Law questions
-
What is the appropriate way to account for inventory sold under a repurchase agreement?
-
What is the appropriate discount rate to use when estimating a firm's intrinsic value using discounted free cash flow analysis? Explain why.
-
What is the appropriate discount rate to use when estimating a firm's intrinsic value using a dividend discount model? Explain why.
-
Suppose that a client performs an intermixed sequence of push and pop operations on a pushdown stack. The push operations insert the integers 0 through 9 in order onto the stack; the pop operations...
-
Which one of the following statements is not accepted as a part of the current picture of the universe? (a) The universe is expanding. (b) Early in the history of the universe, there was only one...
-
Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1. For the most recent year, what amount does Buckle report for current assets? What assets are listed as...
-
In 20X6 Alpha AS made the decision to close a loss-making department in 20X7. The company proposed to make a provision for the future costs of termination in the 20X6 income statement. Its argument...
-
On July 1, 2013, $6 million face amount of 7%, 10-year bonds were issued. The bonds pay interest on an annual basis on June 30 each year. The market interest rates were slightly higher than 7% when...
-
Replace the # with either E or to express a true statement. Isaac Newton # (y: y is a living Swedish playwright} Isaac Newton (y: y is a living Swedish playwright) E
-
Two channels, one with a bit rate of 190 kbps and another with a bit rate of 180 kbps, are to be multiplexed using pulse-stuffing TDM with no synchronization bits. Answer the following questions: a....
-
Suppose that Disney insists that retailers cannot sell DVDs of the High School Musical series for less than $14.95. The company threatens to cut off any retailers who discount that price. But video...
-
Reserve Supply Corp., a cooperative of 379 lumber dealers, charged that Owens-Corning Fiberglass Corp. violated the Robinson-Patman Act by selling at lower prices to Reserves competitors. Owens-...
-
Simulate the situation described in Thought Questions 3, 4, and 5. Assume that the probability of a boy for each birth is 0.51 and the probability of a girl is 0.49. Simulate at least 100 families...
-
a. State the functions that apply to cash disbursements transactions. b. For each cash disbursements function, indicate (1) the department that performs the function and (2) the principal document or...
-
a. What is the direction of testing controls for purchases transactions that pertains to the existence or occurrence assertion? b. What is the direction of testing controls for purchases transactions...
-
Among other things, client strategy templates address: a. The relevance of management's growth strategy and financial and operating goals. b. The reliability of management's strategic alliances and...
-
For each of the following necessary controls pertaining to cash disbursements transactions, indicate the related potential misstatement and possible test of controls. a. Use and account for...
-
a. Which assertion is of primary importance to the auditor in auditing accounts payable? Why? b. Indicate the relationship of control risk assessments for expenditure cycle transactions to the...
-
What kinds of restrictions might a court impose on a visiting parent?
-
What are the typical record-at-a-time operations for accessing a file? Which of these depend on the current file record?
-
Calculate the number of moles of solute in (a) 34 mL of a 0.11 M potassium sulfate solution. (b) 10 mL of an 8.3 M solution of sodium chloride.
-
1. As the arbitrator in this case, would you rule for the union or the company? Why? 2. Give reasons why the union would prefer that outside contractors perform the work rather than supervisors. 3....
-
1. Do you agree with the arbitrator that the decision to subcontract need not be negotiated in this case? 2. Why do you think the union fought this subcontract with only four union members left with...
-
1. Do you think the U.S. Supreme Court decision in this case evidences a strong public policy position either for or against drug testing in the workplace? Explain. 2. Explain why you agree or...
-
Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 7% return from its investments. (PV of $1, FV of $1, PVA of $1, and FVA of...
-
5 23 Which of the following events would generally NOT require a company to record a current liability? Multiple Choice Assessment of Income Tax Expense at year-end. Sale of product to a customer,...
-
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold...
Study smarter with the SolutionInn App