FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sue's office building was damaged by a fire caused by a careless tenant. After paying Sue for the loss, the insurance company sued the tenant

image text in transcribed
Sue's office building was damaged by a fire caused by a careless tenant. After paying Sue for the loss, the insurance company sued the tenant to recover its loss. This suit is based on the principle of a. utmost good faith. b. warranty. c. insurable interest. d. subrogation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Maximizing Corporate Value Through Mergers And Acquisitions A Strategic Growth Guide

Maximizing Corporate Value Through Mergers And Acquisitions A Strategic Growth Guide

Authors: Patrick A. Gaughan

1st Edition

1118108744, 9781118108741

More Books

Students also viewed these Accounting questions

Question

★★★★★
What are the fundamental accounting issues associated with financing activities? Financing activities for corporations involve issuing debt and stock. These activities provide financial resources for...

Answered: 1 week ago

Question

★★★★★
Is there a close relationship between the composition of a board of directors and the organizational performance? AppendixLO1

Answered: 1 week ago

Question

★★★★★
What are the major aspects of trait, learning, biological and evolutionary, and humanistic approaches to psychology?

Answered: 1 week ago

Question

★★★★★
Whitney Plumb Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment, and Communication Equipment, with a separate Accumulated Depreciation...

Answered: 1 week ago

Question

★★★★★
1. If you wanted to earn $850 every month in interest from a savings account, how much would you need to place in the account at the end of each month if the interest rate is 7.14% compounded...

Answered: 1 week ago

Question

★★★★★
Develop a project plan that will allow production to continue while the movement of machines and staff into their new locations is taking place. The plan needs to list assumptions, constraints, and a...

Answered: 1 week ago

Question

★★★★★
What are the different techniques used in decision making?

Answered: 1 week ago

Question

★★★★★
Which of the following is true about an inert electrode? [A] It does not participate in the chemical reaction [B] It acts as a source or sink for electrons [C] Both a and b [D] None of the above

Answered: 1 week ago

Question

★★★★★
What do we call the ratio of a number of fission produced by a given generation of neutrons to the number of fission of the preceding generation? [A] Critical factor [B] Energy factor [C]...

Answered: 1 week ago

Question

★★★★★
Glycol is added to aviation gasoline because it: [A] reduces evaporation of petrol [B] increases efficiency of petrol [C] prevents freezing of petrol [D] reduces consumption of petrol

Answered: 1 week ago

Question

★★★★★
When ice cubes are made, the entropy of water: [A] does not change [B] decreases [C] increases [D] may either increase or decrease depending on the process used

Answered: 1 week ago

Question

★★★★★
What are the potential strengths of group discussion?

Answered: 1 week ago

Question

★★★★★
What are the advantages and disadvantages of personal relationships on the job?

Answered: 1 week ago

Question

★★★★★
Why are groups and teams becoming increasingly popular?

Answered: 1 week ago

Previous Question Next Question