William Owned a Factory That Was Burned to the Ground

question 16

Multiple Choice

William owned a factory that was burned to the ground as a result of Jefferson's negligence.Happily, William had purchased first-party coverage from Clinton Insurance Corp (CIC) .Which of the following statements is most likely to be TRUE?

• A)William will receive compensation from Jefferson.
• B)William will receive some compensation from Jefferson and the rest from CIc.
• C)Jefferson will be subrogated to William's position.
• D)CIC will sue Jefferson in tort.
• E)Because of the doctrine of indemnification, CIC must repay William's insurance premiums if a court holds Jefferson liable to CIc.

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Definitions:

Retention Processes

Cognitive mechanisms that allow information or experiences to be stored in memory and retrieved for later use.

Imaginal System

A psychological concept referring to the capacity of the mind to imagine, visualize, or create mental images.

Mental Picture

A visual representation in the mind of objects, people, or situations that are not currently being viewed.

Imitation

The action of copying or reproducing someone else’s behavior, actions, or expressions, often as a method of learning or social interaction.