Question

In: Operations Management

Joe had made an agreement with Auto Insurance Co. not to use his van for commercial...

Joe had made an agreement with Auto Insurance Co. not to use his van for commercial business purposes when he purchased auto insurance. Joe had an accident while delivering pizzas for Bigger Pizza Inc. For which type of violation will Joe not be covered under his insurance?

A. Fraudulent concealment

B.Misrepresentation

C.Concealment

D. Breach of warranty

Linda puts up her land as collateral for a loan from Small Bank. Linda is a mortgagee.

True

False

Solutions

Expert Solution

1. C. Concealment

This is an activity where Joe is hiding the truth from the insurance company regarding commercial transport

2. False

The small bank is the mortgagee in this case as they are providing a loan as a mortgage.

keosha answered 2 years ago
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