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3. John has an insurance policy for $150,000 on a building located at 175 Pine Street. The policy expires on December 31, 2018. John sold

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3. John has an insurance policy for $150,000 on a building located at 175 Pine Street. The policy expires on December 31, 2018. John sold the property toBill on October 31, 2018 for $150,000. That very night, the building burned to the ground. Can John collect on the policy? If so, how much? If not, what legal characteristics would prevent him from collecting? Will John get any money from the insurer

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