Satellite Communications, Inc., takes out an insurance policy on its plant. For which of the following reasons

Question:

Satellite Communications, Inc., takes out an insurance policy on its plant. For which of the following reasons could the insurer cancel the policy?

a. Satellite’s president appears as a witness in a case against the insurance company.

b. Satellite begins using grossly careless manufacturing practices.

c. Two of Satellite’s drivers have their driver’s licenses suspended.

d. All of the above.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

See More Books

Question Posted: Feb 26, 2024 08:55 AM

See More Questions

What are the APA 7th edition submission requirements for case studies? Select one: a. Standard paper (81/2" x 11"), double-spaced, 1 inch margins all around (left justified) b. Times New Roman Font...
Suppose there are 7 firms in an industry. The Market Demand Curve is given by P = 258 3Q. Each firm has MC = 6 and FC = 0. Suppose the firms form a Cartel and agree to maximize the joint profits,...
Accounting Mary received stocks as a gift from her father. At the time of gift the stocks have a fair market value of $30,000 and an adjusted basis to Mary's father of $40,000. Six month later, Mary...
In 2010 Casey made a taxable gift of $7.3 million to both Stephanie and Linda (a total of $14.6 million in taxable gifts). Required: Calculate the amount of gift tax due this year and Caseys unused...
Find the present value of an annuity of $2000 per year at the end of each of 8 years after being deferred for 6 years, if money is worth 7% compounded annually?
The return on equity (ROE) of Child SA is 14 per cent and it has a payout ratio of 0.5. Current book value per share is 50 and the book value will grow as the firm reinvests earnings. Assume that the...
During the assembly of an exhaust valve, sufficient distance must be maintained between the valve tip and the cylinder wall. If $85 \%$ of valve assemblies have the required distance, use Table 1...
Paula Woodward is the head of the Information Systems Department at Mo Manufacturing Company. Roland Randolph, the companys controller, is meeting with her to discuss changes in data gathering that...
A block placed under the head of the claw hammer as shown greatly facilitates the extraction of the nail. If a 47-lb pull on the handle is required to pull the nail, calculate the tension T in the...
Trimpoint Maintenance, Inc. (TMI), a property maintenance service, leased storage and office space at Hilltop Corporate Complex. TMI also maintained and operated the complexs lighting, ventilation...
A discharge obtained by fraud can be revoked within one year. (True/False)
A charge is moving perpendicular to a magnetic field and experiences a force whose magnitude is 2.7 10-3 N. If this same charge were to move at the same speed and the angle between its velocity and...
At sea level, a person has a mass of 175 lbm. Determine the weight of this person in newtons (N).
Working-capital policy must dovetail in the overall financial strategy of the company. Discuss.
You have been offered a share in a running business. The business is expected to generate cash flows of 10 million, growing at 4 per cent forever. What is the value of the business? How much should...
In case of an option on a stock, the exercise price is decided by the mutual consent of the parties to the contract.
What different parameters determine whether a company pays out cash by way of dividends or stock repurchase?
On March 1, 2012, Mechanics Credit Union (MCU) issued 7%, 20-year bonds payable with maturity value of $300,000. The bonds pay interest on February 28 and August 31. MCU amortizes bond premium and...
Danielle has an insurance policy with a premium of $75 per month. In September she is in an accident and receives a bill worth $2990 for the repair of her own property. Her deductible is $250 and her...
Refute, by the method of constructing logical analogies, any of the following arguments that are invalid: No medicines that can be purchased without a doctors prescription are habit forming drugs, so...
Identify the rule that is broken by invalid syllogisms of the following forms, and name the fallacy that each commits: EAA1
Translate the following syllogistic arguments into standard form, and test their validity by using either Venn diagrams or the syllogistic rules set forth in Chapter 6. Some Asian nations were...
The Cash account of SWITZERSWITZER Ltd. reported a balance of $ 2 comma 500$2,500 at AugustAugust 3131, 20202020. Included were outstanding cheques totalling $ 900$900 and an August 31deposit of $...
Reading Passage: In the wake of the global health crisis, the number of professionals suffering from workplace burnout has risen and is still rising significantly. Workplace burnout is an ongoing...
Prepare an Estimated Tax Worksheet and the payment vouchers for Sean and Sue: Sean D. (SSN 022-00-0947, born 12/12/1952) and Sue P. Summers (SSN 034-00-4362, born 2//9//1955 ) live at 22 Abbot Road,...

Satellite Communications, Inc., takes out an insurance policy on its plant. For which of the following reasons

Question:

Step by Step Answer:

The correct answer is likely b Satellite begins using grossly careless manufacturing practices Insur...View the full answer

Business Law Text And Exercises

Students also viewed these Social Science questions