Employee theft coverage inventory will not be reimbursed if the only proof is loss in inventory or land and profit calculation.
<u>Explanation:
</u>
An employer or a businessman can claim indemnity or insurance in case his employee commits property theft under the Employee theft coverage. This coverage can help for indemnifying the loss of property, money or securities as result of theft by the employee.
However, inventory shortages are not covered under this cover if the only proof available is profit and loss calculation. But if there is other proof like video of the theft, etc. then such loss can also be covered under this insurance scheme.
Answer:
The Privileges and Immunities Clause are the provisions of Article 4, paragraph 2 of the United States Constitution, which states that residents of a state have the right to enjoy all the privileges and immunities enjoyed by residents of other states. This article applies to residents and citizens, excluding foreigners and corporations. Privileges and immunities are fundamental rights in national unity, including employment, job service and business performance.
