Part III: Case Application and Written Answers (10 marks) Los ALA2 C.C.DE 1. The legal significance of a representation is that the insurance contract is voidable at the insurer's option if the representation is material and false. Explain this statement. marks) 2. Wholefoods Inc is an organic supermarket with locations across the world. Their in-house products range from fruits and vegetables, baked goods, frozen produce, cosmetic and toiletries to everyday household items. Each supermarket usually contains a coffee shop and serves hot food and ready sandwiches. Wholefoods employ over 12,000 staff worldwide in various roles, own offices worldwide, have warehouses for dry/cool storage and have an online ordering service supported by a fleet of delivery cars and trucks. Identify two major risks associated with Wholefoods Ine operations. For each risk identified, determine the type of loss exposure and provide one risk control treatment method, and one risk financing treatment method. (4 marks) Risk Type of Loss Risk Control Method Risk Financing Method Description Exposure Treatment method: Treatment method: Description: Description: Treatment method: Description: Treatment method: Description: 3 3 Finc 323-HW Assignment Two 3. Karim is a financial advisor for a large private equity fim. 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 Contractors to build the Hotel in Muharra