Answered step by step
Verified Expert Solution
Question
1 Approved Answer
15. A $400,000 judgment was rendered against Allen Trucking Company as the result of bodily injury the plaintiff sustained in a trucking accident. Colossal
15. A $400,000 judgment was rendered against Allen Trucking Company as the result of bodily injury the plaintiff sustained in a trucking accident. Colossal Casualty's motor carrier policy, which has a $500,000 liability limit, would cover the loss, but, rather than pay the plaintiff, Colossal appealed the judgment to a higher court. Five years later, a final judgment was rendered in which the original $400,000 judgment was sustained. Colossal should now pay the plaintiff Oa. $400,000 plus accrued postjudgment interest. ob. $400,000 plus tax. O c. $400,000. od. $1.2 million (treble damages).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started