A $40,000 fire insurance policy covers a building, which is valued at $50,000, and there is an 80% co-insurance clause. If the building is totally destroyed by fire, the policyholder will receive:
a. $50,000.
b. $40,000.
c. $32,000
d. $8,000
b
You might also like to view...
Leroy writes a letter that says, "I agree to sell to Jay five modern art paintings," and he signs the letter. Jay is an art dealer and he receives this writing from Leroy and does not object in writing within 10 days of receiving it. Which of the following is true according to the Uniform Commercial Code?
A. The contract will be considered void because of the lack of written evidence from Jay. B. Leroy would have a good statute of frauds defense because Jay has not signed the contract. C. Leroy will be prevented by the statute of frauds to take the case to the court. D. Jay has lost his statute of frauds defense because he did not object to the contract.
Explain the importance of the concept of active listening.
What will be an ideal response?
The arbitrators' decisions are based on the _______________________________, which are the written rules and unwritten customs developed in each workplace by the union contract, intent of the negotiators, and past practices.
Fill in the blank(s) with the appropriate word(s).
?Which of the following statements is true of the modified internal rate of return?
A. ?The discount rate that forces the future value of the terminal value to equal the future value of the costs is the modified internal rate of return (MIRR). B. ?The discount rate that forces the present value of the terminal value to equal the present value of the costs is the modified internal rate of return (MIRR). C. ?The required rate of return that forces the future value of the terminal value to equal the present value of the costs is the modified internal rate of return (MIRR). D. ?The discount rate that forces the present value of the terminal value to equal the future value of the costs is the modified internal rate of return (MIRR). E. ?The discount rate that forces the present value of the terminal value to equal the sum of undiscounted cash inflows is the modified internal rate of return (MIRR).