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Sauron [17]
3 years ago
9

GavelCo Insurance sells an insurance policy to Barry in the state of Colorado. GavelCo violates a Colorado state statute when do

ing so. Later Barry gets into a dispute with GavelCo over coverage of the insurance policy and wants to enforce the insurance contract. The insurance contract will be:
Business
1 answer:
dimulka [17.4K]3 years ago
8 0

Answer:

enforceable by Barry, the purchaser, and he can recover from the insurer if applicable.

Explanation:

GavelCo has violated a statute when it sold the insurance policy to Barry in Colorado. If due to this failing on the part of GavelCo Barry has an issue with the insurance coverage, he has a right to enforce the insurance contract on GavelCo.

If there is a coverage he is entitled to he can recover it from GavelCo.

Even when an insurer violates a statute when issuing insurance, the purchaser can still recover from the insurer.

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Blossom Company purchased a new machine on October 1, 2017, at a cost of $66,000. The company estimated that the machine has a s
Ugo [173]

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $66,000

Salvage value= $5,700

Useful life= 6

F<u>irst, we need to calculate the annual depreciation using the following formula:</u>

<u></u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (66,000 - 5,700) / 6= 10,050

<u>2017:</u>

Annual depreciation= (10,050/12)*3= $2,512.5

<u>2018:</u>

Annual depreciation= $10,050

8 0
3 years ago
The suffix -iasis means _____.
torisob [31]
<span>In the word 'slowly', 'ly' is a suffix. The suffix 'less' changes a noun into an adjective, meaning 'without'.</span>
3 0
3 years ago
Genetic Innovations, LP, is a limited partnership. The partners sign an agreement purporting to state how the firm’s profits and
Gnom [1K]

Answer:

a. according to the agreement.

Explanation:

Profits or losses, made by a partnership firm shall be divided among its partners in accordance with terms specified in the agreement.

However, in absence of any written or oral agreement among the partners, profits and losses shall be distributed equally among the partners.

6 0
3 years ago
Steven Diaz just took a job with Harley Davidson. As part of his employment agreement, Harley Davidson required Steven to sign a
il63 [147K]

Answer:

Non-compete

Explanation:

A non-compete agreement is when an emoloyee agrees not to enter into or start a similar profession in competition against her employer.

Majority of agreements stipulated the length of time an employee isn't allowed to enter into or start a similar profession in competition against her employer.

I hope my answer helps you

5 0
3 years ago
Imagine that you work for a life insurance company. The company is offering a new type of life insurance policy for senior citiz
GREYUIT [131]

Answer: Telephone calls

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5 0
3 years ago
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