Jane Was at the International Terminal of the Airport When

question 59

Essay

Jane was at the international terminal of the airport when she realized that she had forgotten to purchase travel insurance for her trip.After checking-in early,Jane was browsing at some of the shops and happened upon a vending machine selling travel insurance.On the outside of the machine was a sign that indicated "Full coverage for $2 per day." Jane plugged in three toonies to cover herself for the weekend.Out from the machine dropped a standard form agreement.After boarding the plane,Jane examined the fine print and noticed that the coverage was limited to travel within Canada.Like every other potential customer in the international terminal of the airport,Jane was not travelling within Canada.Concerned that she would not be covered,as soon as the plane landed Jane used her cellphone to dial the 1-800 number on the back of the printed form.All she got was a recorded message.If Jane got injured while traveling in the United States,will the exclusion clause prevent her from making a successful claim?

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Definitions:

Lower Of Cost

In accounting, a principle stating that inventory should be recorded at either its original cost or its market value, whichever is lower.

Market Value

Market value determines an item's current selling price in the marketplace, taking into consideration supply and demand factors.

Inventory Value

The total cost or market value of all the goods and materials held by a company intended for sale.

Beginning Inventory

The total value of a company's inventory at the start of an accounting period.