While driving home from work, Bailey's car is struck from behind by a van full of drunken college students. Asimov is the driver of the van. The resulting damage to Bailey's car totals $7,000
Bailey files a claim under his own auto insurance policy to have his car repaired, but his insurance policy only covers $6,000 of the $7,000 loss. Bailey pays the remaining $1,000 of the loss out of his pocket. Which of the following is a true statement?
A) Bailey has no legal right of subrogation against Asimov for the $1,000 that he had to pay out of his pocket.
B) Bailey's insurer has no legal right of subrogation against Asimov for the $6,000 of damages it had to pay to Bailey.
C) Bailey has the right under the principle of indemnity to now sue Asimov personally for the $7,000 damages to his car.
D) Both Bailey and his insurer have subrogation RIGHTS against Asimov for the damages he (Asimov) caused.
D
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a. a Colonial American house. b. a Queen Anne Victorian house. c. a contemporary house. d. a California ranch house.
Broker Farr is showing property that he has listed to Olson. Broker Farr knows that there are massive plumbing repairs to be made. Broker Farr:
A: Doesn't have to tell the buyer, unless the buyer asks; B: Has to tell the buyer, because he must disclose all material facts; C: Does not have to tell the buyer if the property is sold "as is"; D: None of the above.