Jackie bought a house and on the seller's property information sheet (SPIS) it stated the house was in good shape with no structural problems. Jackie bought title insurance
After Jackie moved in she discovered there were major structural problems and it cost her $150,000 to repair it. Jackie successfully filed a claim under her title insurance policy and got $135,000 from this title insurer. Jackie also plans to sue the vendor for negligence and recover at least $150,000 as well. This
A) cannot happen as she cannot get double recovery of her losses
B) can happen but Jackie will then have to return the $135,000 to the title insurance company
C) cannot happen as only the title insurance company can sue the vendor because it has already paid Jackie
D) cannot happen as only the vendor's real estate agent would be liable
E) can occur and Jackie can recover money from both the title insurance company and the vendor
C
You might also like to view...
What is marketing control? List the four types of marketing control
What will be an ideal response?
Using a push strategy, the producer directs its marketing activities (primarily advertising and consumer promotion) toward final consumers to induce them to buy the product
Indicate whether the statement is true or false