Theta Ltd Owned a Widget Worth $50 000

question 25

Multiple Choice

Theta Ltd owned a widget worth $50 000. It purchased "full coverage" property insurance from Atlantic Insurance Co. It also bought "full coverage" property insurance from Pacific Insurance Co. The widget was destroyed by a fire. Theta Ltd received a $50 000 benefit from Atlantic Insurance Co. Atlantic Insurance Co has now sued Pacific Insurance Co. The best explanation for that action lies in the concept of

• A) subrogation.
• B) fidelity.
• C) contribution.
• D) co- insurance.
• E) deductible.

---

Definitions:

Sperm

Male reproductive cells or gametes in sexually reproducing organisms, containing genetic information to fertilize the female ovum.

Egg

An organic vessel containing the zygote in which an embryo develops until it can survive on its own, also a common food source rich in nutrients.

Genetic Complement

The full set of genes or genetic material present in a cell or organism, contributing to its characteristics and traits.

Sex Cells

Reproductive cells (also known as gametes) that contain half the genetic material of an organism and unite during fertilization to form a new organism.