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Zanzabum
3 years ago
9

Thompson’s house was destroyed by fire and claims were filed with the insurance company. The insurance company (insurer) hired C

annon to investigate the fire as it was suspicious about the cause. Subsequently, the insurer denied the claims based on Cannon’s report. Thompson sued the insurer and Cannon. Thompson claimed to be a third party beneficiary of the Cannon-insurer contract.Is Thompson correct? If not, what type of beneficiary is he and why?
Business
1 answer:
joja [24]3 years ago
8 0

Answer:

Yes, Thompson is correct in his claim to be a third party beneficiary of the Cannon-insurer contract.

Explanation:

A third party contract covers an individual or firm against a loss caused by some third-party.

An example is fire insurance that will indemnify Thompson (third party) with Cannon-insurer contract.

Since Cannon is the insured, he will investigate to be sure that the cause of the fire was worthy of indemnity. This is definitely why he is in agreement with the insurer.

The two main categories of third-party insurance are liability coverage and property damage coverage.

You might be interested in
If the Japanese yen–U.S. dollar exchange rate is ¥104.30/$, and it takes 25.15 Thai bahts to purchase 1 dollar, what is the yen
S_A_V [24]

Answer:

4.15 Yen per 1 Thai bahts

Explanation:

Given a Yen (Y) to USD ($) Price of 104.30, and a Thai bahts (T) to USD price of 25.15. We derived the following.

\frac{Y}{USD} = 104.30

\frac{T}{USD} = 25.15

USD to Thai bahts = \frac{USD}{T} =\frac{1}{25.15}

Therefore, Yen to baht = \frac{Y}{USD} *\frac{USD}{T}

= 104.30 * \frac{1}{25.15}

= 104.30/25.15

= 4.15 Yen per Thai bahts

6 0
3 years ago
If a number entered in an unformatted cell is too long to be displayed in the cell, what will be displayed? ####### scientific n
levacccp [35]

######

In Excel, the ###### error is shown when the data in the cell is too large to be displayed. This is easily fixed by adjusting the size of the column to fit the number.

7 0
3 years ago
) Market size and growth rates in different countries can be influenced positively or negatively by A. E) the absence or presenc
tatyana61 [14]

Answer:

B. A) population sizes, income levels and cultural influences, the current state of the infrastructure, and distribution and retail networks available. 

Explanation:

In a country where population is high, the demand for goods and services would be high and this would stimulate market growth. On the other hand, in a country where population is low, demand for products would be low and this can hinder market growth.

In a country where income level is high, demand for goods and services would also be high and this would stimulate market growth. The opposite is the case when income is low.

The presence of good infrastructure in a country enhances innovation and production and this can lead to market growth.

The presence of a strong and good retail network to enhance distribution of goods and services can lead to market growth as it assures producers of efficient distribution of goods and services produced.

I hope my answer helps you

3 0
3 years ago
Phillis and Trey are married and file a joint tax return. For 2018, they have $4,800 of nonbusiness capital gains, $2,300 of non
nadezda [96]

Answer:

$21,000

Explanation:

NOL, Phillis and Trey's taxable income must be adjusted by:

= Standard deduction - (Interest income + Net non business capital gain)

= $24,000 - [$500 + ($4,800 - $2,300)]

= $24,000 - ($500 + $2,500)

= $24,000 - $3,000

= $21,000

Therefore, the NOL, Phillis and Trey's taxable income must be adjusted by $21,000.

6 0
3 years ago
QUESTION 5 of 10: True or False: Corporate bonds generate higher rates of return than U.S. Treasury bonds.
sergeinik [125]

Corporate bonds generate higher rates of return than U.S. Treasury bonds.This statement is true

Explanation:

Corporate bonds are the bonds that are issued by the corporation.Whereas the US treasury bonds are issued by the US government.The US treasury bond offer taxation benefit to its purchasers whereas no such benefit is provided by a corporate bond.

Corporate bonds are the bonds that are considered to be risky in comparison to the bonds issued by the government and that is the main reason why they have greater rate of return than then goverment bonds

So we can say that .Corporate bonds generate higher rates of return than U.S. Treasury bonds.This statement is true

4 0
4 years ago
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