Monique, a sculptor, insured one of her pieces she was displaying at an art show. On the first day of the show she sold the piece for $1,000 cash to Brown, who agreed to leave it on display until the show's completion in five days. That night the piece was stolen.
A) Monique may claim her loss from the insurance company.
B) Brown may claim the loss under the insurance policy.
C) Monique may claim the loss under the insurance policy on Brown's behalf.
D) Neither Monique nor Brown may recover under the insurance policy.
E) None of the responses are correct.
Correct Answer:
Verified
Q6: Where two or more insurers properly pay
Q7: The contract of insurance is
A) not subject
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Q9: In every insurance contract
A) there is an
Q10: Henderson owned a concrete block building valued
Q12: Eugene's car is rear-ended by Larissa's car.
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Q15: Is a disability insurance policy a contract?
A)
Q16: The doctrine of subrogation
A) protects the insured
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