Sid Burned His Own Warehouse in an Attempt to Collect

question 3

Multiple Choice

Sid burned his own warehouse in an attempt to collect on a fire insurance policy.Sid has committed:

• A) arson.
• B) larceny since he committed an act intended to wrongfully obtain money from his insurance company.
• C) a crime called "burning to defraud insurers" since the crime of arson only applies to property owned by another person.
• D) an intentional tort, but not a crime since a person has a right to destroy his own property.

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Definitions:

Prestigious

Describes something or someone that is highly respected and admired for being successful or of high quality.

Contract Performance

Refers to the execution of the duties and obligations as outlined in a contract by the parties involved.

Breach of Condition

A breach of condition refers to the failure to meet a critical term of a contract, which can entitle the other party to terminate the agreement and seek damages.

Legal Tender

A form of money that under law must be accepted if offered in payment of debt.