Evan has his house insured for $200,000. He sells the house to Ann for $225,000. Three days after the sale is complete the house is destroyed by fire
Evan has not canceled his homeowner's insurance policy, so he decides to file a claim for losses caused by the fire. What will most likely happen?
A) Evan will collect $200,000 in insurance payments.
B) Evan will collect $200,000 in insurance payments ONLY IF Ann has not yet purchased a homeowner's policy of her own.
C) Evan will collect nothing because he has no insurable interest.
D) Ann will collect $200,000 from Evan's insurer.
C
You might also like to view...
The assessment of the need for a training program takes place at which three levels?
a. task, individual, and industry b. individual, departmental, organizational c. industry, organization, and individual d. organizational, task, and individual
Anna Mia is excited about studying the behavioral science approach in her Principles of Management class. She feels well prepared to study this approach because she has already taken classes in ______, ______, and ______, all of which inform the behavioral science approach.
a. sociology; economics; management science b. economics; philosophy; research c. economics; psychology; sociology d. psychology; sociotechnical theory; economics
In the VALS framework, consumers who spend much of their income on fashion, entertainment, socializing, offerings that make them look good, and have a desire for the latest things are called
A. Strivers. B. Makers. C. Experiencers. D. Believers. E. Thinkers.
An organization may well choose to maintain the status quo as a growth strategy when
a. it wishes to extend the market b. it wishes to diversify its offerings c. it wishes to penetrate the existing market d. it wishes to respond to a declining market e. it faces little or no competition