Henderson Owned a Concrete Block Building Valued at $20,000

question 30

True/False

Henderson owned a concrete block building valued at $20,000. Because it was virtually fireproof, he insured it for only $10,000 under a policy of insurance which contained an 80% co-insurance clause. Some time later, the building was damaged by fire. A fire insurance policy is a contract of utmost good faith.

---

Definitions:

Mixed Strains

In microbiology and virology, referring to infections or cultures that contain two or more genetic variants of the same pathogen.

High Mortality

A state or condition of having a high death rate, often caused by environmental factors, diseases, or other external pressures.

Hawthorne Studies

A series of investigations conducted in the 1920s and 1930s that highlighted the importance of social relations and employee attitudes in the workplace.

Western Electric Company

A historical telecommunications company that played a pivotal role in the development and manufacture of telephone and electrical equipment, notably conducting the Hawthorne Studies which had a foundational impact on organizational behavior studies.