Lee buys BizNet, a company that provides internet access, and takes out property insurance with InsCo to

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Lee buys BizNet, a company that provides internet access, and takes out property insurance with InsCo to cover a loss of the equipment. Two years later, Lee sells BizNet. Six months after the sale, BizNet’s equipment is stolen. Under InsCo’s policy, Lee can recover

a. the total amount of the insurance.

b. the total amount of the loss.

c. InsCo’s proportionate share of the loss to the total amount of insurance.

d. nothing.

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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