Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Donner Contracting completes construction of an office park in July 2 0 2 3 . In October, Donner sells the office park to Prancer Industries.

Donner Contracting completes construction of an office park in July 2023. In October, Donner sells the office park to Prancer Industries. Shortly after the purchase, a section of the roof collapses. Prancer subsequently discovers that Donner deliberately concealed evidence of dangerous structural flaws in the roof during the negotiation. Prancer's claim against Donner for the cost of fixing the roof would be excluded under Donner's CGL policy due to which part of the "damage to property" exclusion?
a. the alienated premises exclusion
b. the real estate exclusion
c. the care, custody or control exclusion
d. the owned property exclusion
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions