Hank bought a farm that had an old barn. He noticed one day that the roof of the barn was swaying in the wind. Hank went to see his insurance agent and he insured the barn for $20,000. The agent didn't ask if the roof might collapse, and Hank didn't say anything about it. One week later there was a strong wind and the roof collapsed. Assuming the insurer can prove it, under what legal grounds could the insurer deny payment of the claim?
A) estoppel
B) concealment
C) warranty
D) misrepresentation
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Hank bought a farm that had an old barn. He noticed one day that the roof of the barn was swaying in the wind. Hank went to see his ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Standard Quantities Allowed of Labor and Materials Dulce Company produces chocolate. Each pound of chocolate requires 400 cocoa beans (the unit quantity standard) and 0.15 labor hour (the unit labor standard).
Answers (1)
Which best describes the difference in the duties of restaurant employees who work inside and outside a kitchen? Kitchen workers clear tables and wash dishes, while the other restaurant employees take orders and prepare and cook the food.
Answers (1)
The consequences of decriminalizing illegal drugs have long been debated. Some claim that legalization will lower the price of these drugs and reduce related crime. Others claim that more people will use these drugs.
Answers (1)
Which statement correctly compares the two jobs? Job A has employee benefits and a higher salary. Job A offers a higher salary and more days off. Job B provides a higher salary but fewer days off. Job B offers more days off and employee benefits
Answers (2)
Rossiter Restaurants is analyzing a project that requires $180,000 of fixed assets. When the period ends, those assets are expected to have an after-tax salvage value of $45,000.
Answers (1)
New Questions in Business
Leno Company sells goods to the Fallon Company for $10,000. It offers credit terms of 2/10, n/30. If Fallon Company pays the invoice within the discount period, Leno Company will record a debit to Cash in the amount of: A. $10,200. B. $10,000. C.
Answers (1)
How much do community college professors get paid?
Answers (1)
To determine the true cash balance Multiple Choice a. add bank collections of depositors' accounts receivable to the unadjusted book balance. b. subtract bank service charges from the unadjusted book balance. c.
Answers (1)
Buying inventory in large lots to take advantage of quantity discounts can be responsible for a high inventory turnover ratio. True/False
Answers (1)
The internal rate of return is the: Select one: a. Discount rate that results in a zero net present value for the project. b. Rate of return required by the project's investors. c. Project's current market rate of return. d. None of these choices. e.
Answers (1)