Richard Has Insurance with Exceptional Coverage Insurance Company,Inc

question 111

Essay

Richard has insurance with Exceptional Coverage Insurance Company,Inc.(Exceptional Coverage).Richard has a wreck with Susie.The adjuster for Exceptional Coverage orally agrees to pay Susie $1,000 for the damage to her car.The adjuster,however,gets in trouble with his boss for agreeing to pay too much.He tells Susie that he is backing out of the deal because the agreement is unenforceable on the basis that the statute of frauds requires that a contract to pay the debt of another be in writing.Is the adjuster correct? Why or why not?

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Definitions:

Redundant Jobs

Positions within an organization that are no longer necessary due to various factors such as technological advances, organizational restructuring, or economic downturns, leading to potential job eliminations.

Organizational Strategic Plan

A roadmap created by an organization to guide its decisions and actions towards achieving its long-term goals and objectives.

HR System

A framework or technology used by the HR department to manage employee information, processes, and policies effectively.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual.