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____ [38]
3 years ago
11

An insurance contract must comply with the "Principle of Indemnity". Jarron's friend Nick, accidentally destroys Jarron's laptop

computer. Nick pays Jarron for the damage, but Jarron also submits a claim to his insurance company for the laptop. The claim will be:
a. Paid, the fact that Jarron has already been paid for the damage has no bearing on the insurance company's obligation to pay.b. Denied because Jarron has already been paid for the damage.c. Paid, but only at 50% of the limit of liability.d. Denied because the damage was caused by a friend and not the insured.
Business
1 answer:
Snezhnost [94]3 years ago
6 0

Answer:

B) Denied because Jarron has already been paid for the damage.

Explanation:

If the insurance company somehow found out that Nick already paid Jarron for the damage, then they don't have any duty to pay Jarron.

It is even possible for a person to have two different insurance policies for the same asset, but in case you have some type of accident, only one of them will pay you.

The principle of indemnity state that in case of a loss, the insured should be put back to the same position as before the loss occurred. An insured should not be able to make money due to a loss.

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Harrold is the project manager for his organization and he has seven people on his project team. Who is responsible for executin
charle [14.2K]

Answer: D. Project team

Explanation:

The project team is responsible for executing the project plan and creating the project deliverables. They are also in charge of contributing to the success of the project by making sure that the project objectives are achieved.

Each team mate has a specific role that he or she is assigned and the team should execute the tasks assigned to them successfully.

8 0
2 years ago
Which statement best describes the role of a credit agency?
tekilochka [14]

Answer:

The statement best describes the role of a credit agency is "It tracks the use of credit for lenders"

3 0
3 years ago
Because the company was angered by the actions of its resellers. Acme Manufacturing decided to slow down deliveries and postpone
Natasha_Volkova [10]

Answer:

B) coercive power.

Explanation:

There are two ways of influencing others to follow the instruction or to get the process in the right order.Those two ways are: Reward power and coercive power.

Coercive power: It is the ability of the authority to use power or force against people or subordinates to follow the instruction or to get them disciplined. It is an act of punishment for committing errors so that it does not get repeated.

In the given case, the manufacturer decided to punish resellers for their action. As Manufacturing decided to slow down deliveries and postpone product availability to these resellers.

8 0
3 years ago
Benjamin, Inc., operates an export/import business. The company has considerable dealings with companies in the country of Camer
timurjin [86]

Answer:

the picture attached is the main question while the solution is given in the explanation box below

Explanation:

a)

2017 = Loss = 25000 * 8 * [0.42-0.50] = 16000

2018 = Gain = 25000 * 8 * [0.50-0.43] = 14000

b)

2017 = gain = 25000 * 8 * [0.48-0.42] = 12000

c)

2017 = Loss = 25000 * 8 * [0.48 - 0.50] = 4000

2018 = Gain = 25000 * 8 * [0.50-0.43] = 14000

4 0
3 years ago
The strategies used to promote generalization will also make skill maintenance more likely to occur.
Murljashka [212]

Answer:

True

Explanation:

Generalization creates a set of common practice which is further considered as an identifiable acceptable standard for the instance.

As for example if we state that a person is good at cooking, on the basis on generalization it will be considered necessary and obvious that the person knows the skills of cooking basic food of that region.

Generalization thus, creates a kind of basic skills in every person of that domain. This will influence people to develop more skills.

6 0
3 years ago
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