Solved

A Husband and Wife,Michelle and William,contacted an Insurance Agent for Coverage

Question 11

Multiple Choice

A husband and wife,Michelle and William,contacted an insurance agent for coverage for the wife's business,financed by the husband.The agent negligently arranged for insurance in William's name only.When Michelle suffered a loss she thought would be covered by the policy,she discovered that her business was not covered by the insurance.In the court action that followed:


A) The agent failed in his duty to make proper arrangements for coverage of Michelle's interest but properly performed his duty towards Michelle's business.
B) The agent would be held liable for the loss Michelle suffered.
C) The agent would not be held liable for the loss Michelle suffered.
D) The agent failed in his duty to make proper arrangements for coverage of Michelle's interest.
E) The agent would be held liable for the loss Michelle suffered as the agent failed in his duty to make proper arrangements for coverage of Michelle's interest.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents