Theta Ltd Owned a Widget Worth $50 000

question 52

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

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Definitions:

Pay Equity

The concept of ensuring equal pay for work of equal value, aimed at eliminating gender and other discriminatory pay gaps.

Common Identity

The shared traits, characteristics, or belonging that unites individuals within a group, fostering a sense of solidarity.

Group Attractiveness

The extent to which a group is considered desirable to join by potential and current members, often due to its prestige, goals, or relationships.

Cohesiveness

The degree to which members of a group or team are united in pursuing common goals and how well they work together.