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Determining the actual cash value of a car is based on the fair market value of the car at the time of loss Select one:

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Determining the actual cash value of a car is based on the fair market value of the car at the time of loss Select one: O True O False Non insurance transfers are considered a risk control method Select one: O True O False Karim is a financial advisor for a large private equity firm. From his years of work, he accumulated some savings and wants to start his own business by building a hotel. He approached Ahli United Bank in order to secure a loan for his upcoming venture. With his equity and loan, he was able to purchase a land from Purple Bricks Realty and finance the construction of his project through signing an agreement with TKO Construction Co to build the Hotel in Muharraq. How is Purple Bricks Realty's insurable interest supported in this scenario? O a. They have no insurable interest O b. Ownership of property Oc Contractual rights Od. Potential legal liability

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