The lost profits were not specified in the insurance policy. Why should Lawrence collect for something that

Question:

The lost profits were not specified in the insurance policy. Why should Lawrence collect for something that he never specifically asked to insure?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction To Business Law

ISBN: 9780324826999

3rd Edition

Authors: Jeff Rey F. Beatty, Susan S. Samuelson

See More Books

Question Posted: Jan 18, 2012 06:34 AM

See More Questions

Should the defendant be liable for profits lost because of his delay in delivering the shaft?
Why is it important to insure your dwelling for at least 80 percent of its replacement cost? How does the coinsurance clause operate?
Insurance companies collect annual payments from homeowners in exchange for paying to rebuild houses that burn down. a) Why should you be reluctant to accept a $300 payment from your neighbor to...
Read the Speech of Martin Luther King, Jr.'s "I Have a Dream" and answer the question: Kin, makes liberal use of metaphorand metaphorical imagery in his speech. (Glossary: Figures of Speech) Choose a...
Two converging lenses (f1 = 9.00 cm and f2 = 6.00 cm) are separated by 18.0 cm. The lens on the left has the longer focal length. An object stands 12.0 cm to the left of the left-hand lens in the...
Animals that live on plant foods must eat large quantities of vegetation, and this consumes much of their time. Meat eaters, by contrast, have no need to eat so much or so often. Consequently,...
5.1 Return to the data set concerning the yield of F3 wheat families in the presence of ryegrass, introduced in Exercise 3.3.
Murray Company borrows $340,000 cash from a bank and in return signs an installment note for five annual payments of equal amount, with the first payment due one year after the note is signed. Use...
Chat - Learn with Chegg Content Question 1 - Comprehensive Problem - Connect Comprehensive Problem i Saved Help 1 4 0 points 0 3 : 2 6 : 3 7 eBook References A dog training business began on December...
The 65-mm-diameter steel shaft is subjected to the two loads. If the journal bearings at A and B do not exert an axial force on the shaft, determine the absolute maximum bending stress developed in...
1. How are consequential damages different from compensatory damages? 2. How does a court decide whether to award consequential damages? 3. In this case, should the court award consequentials?
Make an argument that Landmark-One should win.
Explain why market power leads to a deadweight loss. Is the total deadweight loss from market power for the economy large or small?
Micro-Brush requires a new component for their laptop cleaning machines. The company must decide whether to make or buy them. If it decides to make them. Should it use process A or process B? Use a...
Moving from a fee-for-service to a managed care delivery system set up a series of expectations (page 421). How many of these expectations are realistic? How many have been realized?
2. A 55 kg human is shot out the end of a cannon with a speed of 18 m/s at an angle of 60. Ignore friction and solve this problem with energy conservation. As he exits the cannon, find: a. horizontal...
Theoretical Background: Information Assurance (IA) architecture also known as security architecture is about planning, integrating and continually monitoring the resources of an organization so they...
AZCN recommends Microsoft Lens or Adobe Scan; download one of these to yo phone via your phone's app store 2. Place the document you want to scan on a flat, well-lit surface. Make sure the document...
evaluate location alternatives for an organisations IS function;
What are three disadvantages of using the direct write-off method?
How many moles of C are present in 0.22 mol CH 3 NH 2 ?
Did the Hotel violate Sechuan Gardens automatic stay?
1. What is the significance of being a third-party beneficiary? 2. How did Mandarin manifest its intent to benefit Schauer by entering the contract?
What does a third party have to show to prove they are intended third-party beneficiaries?
How does budgeting household expenses differ from budgeting business expenses? What are the similarities?
This is a partial adjusted trial batance of Cullumber Compary manualys
Which of the following journal entries will record the payment of a $1,500 salaries payable originally incurred for Salaries Expense? Select one: A. Debit Salaries Expense; credit Salaries Payable B....

The lost profits were not specified in the insurance policy. Why should Lawrence collect for something that

Question:

Step by Step Answer:

The court is saying that it does not matter that lost profits were never ...View the full answer

Introduction To Business Law

Students also viewed these Business Law questions