Additional Living Expense under a Homeowners Comprehensive policy is payable when the premises become unfit for occupancyin which one (1) of the following circumstances?OA) The insured must live elsewhere while the home is sprayed for insects.OB) A room is damaged by rain entering a window left open during a heavy rainstorm.OC) The insured's home has suffered damage by an insured peril.OD) The insured is having his home renovated. While on vacation in Ontario, your insured's automobile is broken into. The factory-installed AM/FM radio worth $500 is forciblyremoved from the dashboard and a camera, valued at $400 is taken from the locked glove compartment. The thief also causes$400 damage to the automobile. The insured has O.A.P. 1 Owner's Policy with $500 deductible Comprehensive coverage. Whatwould the automobile insurer pay in total?OA) $400.00OB) $900.00OC) $500.00OD) $800.00

Homeowners insurance contracts often include the Additional Living Expense (ALE) idea. ALE coverage…

Answered: Additional Living Expense under a…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Your insured lives in an apartment but takes a temporary position in another city and must store some me for fur ture items in a storage ware apartment is sublet to a friend. Subsequently, the warehouse is broken into and some of your Insured's furniture is stolen. What Would a Tenant © A) The actual cash value or replacement cost of the property stolen less the policy deductible, subject to the 10% limitation on property temporanlite O B Nothing. The loss is not covered © C The actual cash value or replacement cost of all the personal property stolen, less the policy deductble, subject to the polis limit © D That proportion of the loss which the value of the property at the warehouse bears to the total value of all of his her personal property
true or false 1. Captive insurer may be used to insure loss exposures that the parent firm finds it difficult to insure with private insurers. 2. Ali incorporated his business so that he has unlimited liability to shield him against personal liability claim by the creditors 3. For the safety of the residents of the apartment, a barrier is installed at the entrance of the apartment. Only the vehicles belong to the residents are allowed to pass through. This physical barrier system is a risk management technique called loss prevention 4. Applying first-aids to an injured worker while waiting for an ambulance to send him to hospital is a risk management technique called salvage.
A sells B his horse for $10000. The horse is blind in one eye but B does not know this until after the sale in completed. Is A liable to B on the ground or fraud? Why or why not?
Mary Decker is suing the manufacturer of her car becauseof a defect that she believes caused her to have an accident, and kept her out of work for a year. She is suing the com-pany for $3.5 million. The company has offered her a set-tlement of $700,000, of which Mary would receive $600,000 after attorneys’ fees. Her attorney has advisedher that she has a 50% chance of winning her case. If sheloses she will incur attorneys’ fees and court costs of $75,000. If she wins she is not guaranteed her full re-quested settlement. Her attorney believes that there is a 50% chance she could receive the full settlement, in whichcase Mary would get $2 million after her attorney takes hiscut, and a 50% chance that the jury will award her a lesseramount of $1,000,000, of which Mary would get $500,000.Using decision-tree analysis, decide if Mary should suethe manufacturer.
If the decedent owned property in other states, a separate, __________ probate might have to be opened-and a personal representative appointed—in each of those states. Multiple Choice leasehold contemporaneous statutory ancillary Sandy incurred a massive debt in medical expenses owed to a local hospital. She simply did not have the assets or income to pay the bill. Therefore, she contacted the hospital and requested a reduction in the bill, a payment plan and the opportunity to work off part of the bill by working at the hospital cafeteria. The hospital agreed. This is an example of a(n) Multiple Choice Judicial levy Workout Credit hearing Mediation A workout method that generates revenue with new innovations and modifying the company’s image or mission is Multiple Choice Renewal Replacement Retrenchment Repositioning
Professor Shott buys a Porsche against the wishes of his much more intelligent wife. Professor Shott soon realizes his mistake when he starts to make the car payments. Jane, a very wealthy 17 year old, offers to buy the Porsche and Professor Shott accepts. Now assume that before she turns 18 Jane gets in an accident and badly damages the Porsche causing $20,000 in damage. Assume she originally paid Professor Shott $50,000 for the car. If Jane now seeks to return the damaged car what is the result? Professor Shott must refund Jane his money minus the amount of the damages. Professor Shott does not have to refund Jane anything. Professor Shott can demand it be repaired before giving Jane a refund. Professor Shott must refund Jane 100% of his money even though he damaged the car.
Mary Khadir is suing the manufacturer of her car because of a defect that she believes caused her to have an accident, keeping her out of work for a year. She is suing the company for $3.5 million. The company has offered her a settlement of $700,000, of which Mary would receive $600,000 after lawyers’ fees. Her lawyer has advised her that she has a 50% chance of winning her case. If she loses, she will incur lawyers’ fees and court costs of $75,000. If she wins, she is not guaranteed her full requested settlement. Her lawyer believes that there is a 50% chance she could receive the full settlement, in which case Mary would get $2 million after her lawyer takes his cut and a 50% chance that the jury will award her a lesser amount of $1 million, of which Mary would get $500,000. Using decision-tree analysis, decide if Mary should sue the manufacturer. What is the Expected Value of Mary winning the lawsuit? What is the Expected Value of Mary winning the lawsuit? What is Marys lawyers…
Give atleast one opportunity or threats of Jollibee Corp, interms of taxes, pls provide that could prove the statement and reference
On January 1, 2020 Alan made an interest-free loan of $200,000 to his son who used the loan to buy a house. Alan’s son has made no payments on the loan during the year. What are the income and gift tax consequences if the applicable federal rate is 5% and if Alan’s son had no investment income during the year? Which of the following is eligible for the annual exclusion? 1. Frank designates his daughter, Holly, beneficiary of his 401(k) plan. 2. Frank designates his wife, Betty, as beneficiary of his life insurance policy. 3. Frank funds an irrevocable trust with $1,100,000 for the benefit of his son. The terms of the trust allows a payout at the discretion of the trustee. 4. Frank funds an irrevocable life insurance trust with the amount necessary to pay the premiums of the policy. The beneficiaries can take a distribution equal to the contribution each year.
Ronald Powers, a well-known local entrepreneur, owned several businesses that filed for bankruptcy from 2010 to 2015. Last year, Powers established R. P. Properties, Inc. Powers is the sole shareholder and invested $2,500 in the company as a capital contribution. R.P. Properties, Inc. purchased 4 houses using a $600,000 loan obtained from the bank. Powers planned to fix up the homes a little and give renters a break on the rent if they agreed to do some repairs. R.P. Properties skipped several mortgage payments on the houses even though his tenants paid the rent. R.P. Properties is no longer able to pay its bills. As one of R.P. Properties' creditors, you seek to hold Powers personally liable for the debts of the company. Will you be successful in holding Powers responsible for the company's debts? Explain why or why not.
Pebbles Flintstone is a minor. Pebbles dropped out of high school in order to care for her ailing mother. The Flintstone home is located in Anacortes, Washington. To help pay for her mother's medical care, Pebbles decided to sell her guitar. Pebbles received the guitar as a gift from her Uncle Barney. Pebbles tried to learn how to play the guitar, but after two years she became frustrated and threw it under her bed. While the guitar has a few cracks and scratches, it is still in good working order. Because her Uncle Barney is wealthy, Pebbles thinks he paid about $500 for the guitar, and hopes it might still be worth around $200. Mr. Slate, age 44, owns Bedrock Antiques & Collectibles. While walking down the street, he came across the Flintstone home, saw they were having a yard sale and decided stop and look around. When he saw the guitar, with a sign that simply said "Make Offer", Mr. Slate offered Pebbles $500. Mr. Slate wasn't sure, but believed the guitar might be a rare…
James Stilton is the cief executive oiffcer (CEO) of Rightsliving. inc Company that buys life insurance policies at discount from terminally ill people and sells the policies to investors RightLiving pays the terminally ill pateitns a percentage of the future death benefits and then sells the policies to investors for 85% of the value of the future beneffits. The patients receive the cash to use for medical and other expenses and the investotors are gauranteed a postitive return on thier investment. The diffreence beteween the purchase and sale price is the RightLiving profit. Stilton is aware that some sick patiente may obtain insurance policies through fraud (by not revealing thier illness on the insurance app). An insurance company that discovers such fraud will cancel the policy and refuse to pay. Stilton believes that most of the policies he has purchases are legitimate but he knows that some are probably not. Question Under the categorical imperative, are the actions of…

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