Rafeobtains a fire insurance policy on his vacation cabin near Smoky Mountain from TorchlightInsurance Company. The cabinis lost in a fire, but the parties dispute the amount of Torchlight's liability under an ambiguous clause in the policy. A court would most likely
a. interpret the clause against Rafe.
b. interpret the clause against Torchlight.
c. rewrite the clause and apply it as rewritten.
d. strike the clause from the policy.
B
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A bailment for the sole benefit of the bailee is an example of ordinary bailment
Indicate whether the statement is true or false
Smith, Jones, and Brown incorporated a company called Yakima Ltd. The three were the only shareholders, directors, officers, and employees. Jones and Brown disliked working with Smith
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The surrender value on a life insurance policy is equal to the
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