The personal feature of property insurance contracts means that:
A) subrogation always applies
B) ambiguities in the wording will always be construed against the insurer
C) insurance contracts cannot be freely transferred to other parties
D) the buyer of insurance must have insurable interest in property before the policy is issued
C
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Explain franchising with examples. Mention the advantages and disadvantages associated with franchising. How is franchising different from licensing?
What will be an ideal response?
Identify the assumption represented in each scenario, the decide if it is satisfied or violated
Scenario Assumption Satisfied or violated? Poseidon Corporation is a publicly traded company. They only issue financial statements to external users every other year. Charmed Inc. adds land purchased in 2014 to the balance of land purchased in 2000. Smith Corp pays the CEO's mortgage and records it as miscellaneous expense. Caesar & Company depreciates property, plant, and equipment over their useful lives. What will be an ideal response?