Q1: Bander purchased a new car worth $40,000. He obtained a $30,000 loan from the AUTO Bank to buy the car. Usually he parks his car in guarded placesduring work hours he parks it in the companys underground garage; and at night he parks it in his garage located in his house. One day, after the work he noticed something unexpected: a drawing on his cars bonnet. Unfortunately, it was made by a nail. The cost of the cars renovation was valued at $2,000. He reported this case to the police and to his insurer, because acts of vandalism were included in his auto insurance. After a short investigation, with the help of monitoring devices installed in the company garage, the police identified the perpetrator to be Jahil, one of Banders co-workers. a) Do any of the following parties have an insurable interest in the car at the time of loss? Explain your answer for each. Bander Jahil AUTO Bank Banders company (the owner of the garage) b) Which of the parties (Jahil, Banders company, or Banders insurer) should Bander claim for

compensation? Explain your answer. c) Could Banders insurer use the right of subrogation after paying the compensation to Bander? Explain your answer.