Answer: Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage
Explanation:
The false statement about the Building and Personal Property Coverage Form is that "Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage"
The above is incorrect. This is because the Tenants Improvements and Betterments are not covered under the
Personal Property of Others Coverage but rather, they are covered in the Business Personal Property.
Answer and Explanation:
The computation is shown below:
Without compounding, the adjusted price of the comparable property is
= $115,000 × (1+ (0.003 × 17))
= $115,000 × 1.051
= $120,865
And,
With compounding:
= $115,000 × (1.003)^10
= $115,000 × 1.030408
= $118,496.92
In this way it should be calculated
I not sure I think it is B