Can the corporation recover from the fire insurance company

Assignment Help Business Law and Ethics
Reference no: EM131389658

The Pyro Corporation has outstanding twenty thousand shares of common stock, of which nineteen thousand are owned by Peter B. Arson; five hundred shares are owned by Elizabeth Arson, his wife; and five hundred shares are owned by Joseph Q. Arson, his brother.

These three individuals are the officers and directors of the corporation. The Pyro Corporation obtained a $750,000 fire insurance policy to cover a certain building it owned.

Thereafter, Peter B. Arson set fire to the building, and it was totally destroyed. Can the corporation recover from the fire insurance company on the $750,000 fire insurance policy? Why?

Reference no: EM131389658

Questions Cloud

What are growers rights against arthur : The business subsequently failed. What are Grower's rights, if any, against Arthur, Barbara, Carl, and Debra as individuals?
How are juveniles managed as compared to adults : Discuss juvenile justice or youth violence in China, Brazil, Indonesia, Ireland, or Russia. How are juveniles managed as compared to adults?
Production capacity for one of its products : Your company wants to expand the production capacity for one of its products. Two plant sizes are under consideration -- one small, the other much larger. If your company builds the low-capacity plant and wants a 8% return (profit) on its fixed cost ..
Endorsement signal about the product : In other words, play matchmaker between celebrity and product, explain why it is a good fit, and ultimately what they would say or their endorsement signal about the product.
Can the corporation recover from the fire insurance company : Thereafter, Peter B. Arson set fire to the building, and it was totally destroyed. Can the corporation recover from the fire insurance company on the $750,000 fire insurance policy? Why?
Can collins prevent the contract from being executed : A corporation is formed for the purpose of manufacturing, buying, selling, and dealing in drugs, chemicals, and similar products.- Can Collins prevent the contract from being executed?
Provide a short introduction of the article : After reading the article, submit a video summarizing the article. Please include the following components in your video:Provide a short introduction of the article to include the main idea(s).Include the purpose of this article.Provide an evaluation..
What determines the housing price in beijing : What determines the housing price in Beijing? Is it too high or not? Why? (If the housing price in Beijing is too high, it because bubbles or just heavy demand). Your explaination should be clear and logical.
Provide result in given contention : Riley fails to pay for the goods, and when Amalgamated Corporation sues Riley in a court of State M, Riley defends on the ground that Amalgamated Corporation does not possess a certificate of authority from State M. Result?

Reviews

Write a Review

 

Business Law and Ethics Questions & Answers

  What is the importance of exculpatory evidence during trial

Dissenting opinions: Any dissenting opinions, and an explanation of what they were and why they were raised Address the following questions:?What is relevant evidence? Explain in detail. ?What is exculpatory evidence? Explain in detail. What is the..

  How can business adapt to and benefit from this trend

Why was Ford's evaluation system, the PMP, the source of contention for Ford employees who felt discriminated against? In moving away from the PMP, what did Ford do to improve this evaluation system? Did these changes create a more accurate system..

  Analyze the role of professional regulation

Analyze the role of professional regulation, the standard of care, and codes of ethics in healthcare providers' accountability to self, their profession, their patients, and the public

  Explanations of the origins of addiction and alcoholism

How much research exists for the explanations of the origins of addiction, alcoholism, and chemical dependency? Explain

  Determine other costs that bp might have incurred

Determine two other costs that BP might have incurred. Give your opinion as to whether or not BP would have been better off had the company taken the necessary precautions to prevent or minimize an oil spill. Support your answers.

  What is meant by the dark figure of crime

What is meant by the "dark figure of crime" and why is it important? What are the two main sources of crime data collection in the US that try and get at the dark figure of crime

  How is the plan that lwc is proposing best characterized

Which, if any, anti-trust laws does BWC's proposal violate? In answering this question, make sure that you fully explain your answers. Make sure you explain what must be proven to establish a particular violation of anti-trust law and why the fact..

  New features expand the scope of the product

New features expand the scope of the product, often making a big marketing splash, getting a version bump, and resulting in some press releases. The new and upcoming medicines should be included. explain the process

  What biggest hindrance to establishing international laws

In your view, what is the biggest hindrance to establishing international internet laws? Take a stand delineate your argument and look in detail at one aspect: the social, economic OR political.

  How did the court rule on each argument

What facts, legal reasoning, social policy, and ethical principles would support a ruling for the prevailing party? What were the probable motivations behind the prevailing party's actions leading up to the dispute? After the dispute?

  Select one of the two options listed for this assignment

criminal law is a system that has evolved due to societal needs. this cycle of development begins when laws are

  Kim went to lings market to pick up a few items for dinner

kim went to lings market to pick up a few items for dinner. it was a rainy windy day and the wind had blown water

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd