Answer:
$60,000
Explanation:
Data provided in the question:
Premiums paid = $100,000
Cash policy dividends received = $20,000
Cash surrender value = $140,000
Now,
The owners adjusted basis in the property
= Premiums paid - Cash policy dividends received
= $100,000 - $20,000
= $80,000
Therefore,
The gain on the policy = Cash surrender value - owners adjusted basis
= $140,000 - $80,000
= $60,000
Answer: "Make the person whole"
Explanation:Compensatory damages are paid or awarded to plaintiffs in civil cases where a person,group of persons or Organisations have caused some damages to the plaintiff due to their negligence and illegal conducts.
Compensatory damages can be asked in court by an attorney representing the plaintiff once adequate evidence has been established and can be proven in the law courts. When Compensatory damages are paid they make the affected person, group of people or Organisation to "whole" again.
Answer:
Intangibility
Explanation:
Intangibility means a service that is not physical and therefore cannot be touched. Products are tangible and services are intangible in nature. Intangibility of services is gotten from the fact that a service cannot be seen or touched. A service is carried out and delivered on spot therefore it cannot be measured as easily as a tangible product.
A lot of problem are encountered in service marketing as a result of intangibility of services. Tangible elements have to be added your service to supplement your marketing strategy.
Another problem that arises from intangibility of services is that services cannot be stored.