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:

Box Office

The office where tickets to events are sold, often used to refer to the financial success of movies or shows.

Membership Card

A card issued to a member of an organization, club, or group, which often grants specific benefits or access.

Gym Access

The availability or permission to use fitness facilities and equipment.

Tomato Sauce

A cooked sauce made primarily from tomatoes, often seasoned with herbs, onions, and garlic, used as a base for many dishes in various cuisines.