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Alinara [238K]
3 years ago
6

Larry Lee’s 1985 Lamborghini was stolen, and by the time Lee recovered the car, it had been extensively damaged. The car was ins

ured by Farmers Insurance Co. of Washington under a policy providing comprehensive coverage, including car theft. A provision in the policy stated that the coverage for theft damages was subject to certain terms and conditions, including the condition that any person claiming coverage under the policy must allow Farmers "to inspect and appraise the damage vehicle before its repair or disposal." Lee, without notifying Farmers and without giving Farmers an opportunity to inspect the vehicle sold the car to a wholesale car dealer. Farmers then denied the coverage, and Lee brought suit to recover for the damages caused to his car by the theft. Does Lee have a valid claim against the insurance company?
Business
1 answer:
igomit [66]3 years ago
8 0

Answer:

Lee does not have a valid claim against the insurance company.

Explanation:

The insurance company that had Lee as a customer made it very clear that coverage for car damage caused by theft was subject to certain terms and conditions, including the condition that anyone claiming coverage under the policy must allow farmers "inspect and evaluate the damaged vehicle prior to repair or disposal".

Lee did not allow farmers to inspect and evaluate the curriculum. Thus, he broke a clause of his contract with the insurance company, causing him to lose those benefits.

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_______ involves developing and performing marketing activities across national boundaries.
iogann1982 [59]

International marketing involves developing and performing marketing activities across national boundaries.

<h3>What is marketing?</h3>

Marketing is the process of discovering, developing, and delivering value to satisfy the needs of a target market in terms of goods and services; this may involve choosing a target audience, operating advertising campaigns, participating in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the price, discounts, warranty, and return policy.

The seller, who is often a retailer or manufacturer, is responsible for marketing. Tasks are occasionally contracted

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7 0
2 years ago
Orange Co. is a manufacturer and Pineapple Company is a merchandiser. What is the difference in the budgets the two entities wil
Irina-Kira [14]

Answer:

Orange Co.'s budget will include the cost of production, which is made up of raw materials, direct labor, and manufacturing overhead.  The above cost of production and the accompanying items will not be found in the budget of Pineapple Company.  The latter's budget will focus on purchase of goods for sale (instead of raw materials) and inventories of finished goods (instead of raw materials and work in process).  Orange Co. determines its product cost per unit from the cost of production divided by the quantity produced.  Pineapple Company's product cost is based on the purchase price of goods, which includes the manufacturer's profit.

Explanation:

The operations and accounting for the cost of production of Orange Co. will be different from Pineapple Company's.  The difference is a reflection of their statuses as manufacturer and merchandiser respectively.  Orange Co. manufactures and sells goods while Pineapple Company sell manufactured goods.

8 0
3 years ago
Landor Appliance Corporation makes and sells electric fans. Each fan regularly sells for $40. The following cost data per fan is
olga55 [171]

Answer:$50

Explanation:

3 0
3 years ago
Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 21 years to maturi
Aleonysh [2.5K]

Answer:

Price of the bond = $4,122.36

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).  </em>

Value of Bond = PV of interest + PV of RV  

The value of bond for Yan Yan Corp.  be worked out as follows:  

Step 1  

<em>PV of interest payments  </em>

Semi annul interest payment  

= 4.6% × 5,000 × 1/2 = 115

Semi-annual yield = 4.1%/2 = 2.05  % per six months  

Total period to maturity (in months)   = (2 × 21) = 41 periods

PV of interest =  

115  × (1- (1+0.0205)^(-21)/0.0205)=1,946.47

Step 2  

<em>PV of Redemption Value  </em>

= 5000 × (1.0205^(-41)   = 2,175.89

<em>Step 3:Price of the bond </em>

Total present Value = 1,946.47  +  2,175.89  = 4,122.36

Price of the bond = $4,122.36

 

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3 years ago
Supplemental liquidity providers (slps) trade securities on behalf of:
ivanzaharov [21]

SLPS trade securities on their own behalf (not for someone else).

5 0
3 years ago
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