an agreement of purchase and sale QUESTION 50 1 points Save Answe A's building is insured by B Co. under a standard policy that covers all loss occasioned by fire. A's business is not doing well, and A figures that if his building is destroyed by fire, he can put part of the insurance proceeds into his business to keep it running. One evening, A starts a fire in his building that subsequently destroys it. In this case, the insurance company is bound to pay the proceeds of insurance to A the insurance company is not bound to pay the insurance proceeds at all. the insurance company is not bound to pay the proceeds of insurance to A, but must pay it to A's family the insurance company is bound to pay the insurance proceeds to A's business none of the above