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:

Red And Yellow Parrot

Describes a type of parrot with a distinctive plumage that includes shades of red and yellow, often associated with species like the Sun Conure.

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Hard Brown Shell

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Outer Husk

The tough external covering of certain fruits or seeds, which protects the softer parts inside.