A Person Owns a Half Interest in a House Valued

question 80

Multiple Choice

A person owns a half interest in a house valued at $200 000 and has insurance on that property in the amount of $400 000.If the house burns down, causing a loss of $100 000, how much will that person collect?

• A)$50 000
• B)$200 000
• C)$1000
• D)$400 000
• E)Nothing

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Definitions:

Antifreeze

A substance added to liquids, such as the water in a vehicle's radiator, to lower the freezing point and prevent it from freezing.

IUPAC Name

The systematic name assigned to a chemical substance, following rules established by the International Union of Pure and Applied Chemistry (IUPAC).

Thiol

Thiol is an organic compound containing a sulfhydryl (-SH) group attached to a carbon atom.

IUPAC Name

The systematic naming of chemical substances as per the rules established by the International Union of Pure and Applied Chemistry.