Question and answer
Kerin obtains a property insurance policy for her art collection from Lawton Insurance Company. Kerin can cancel the policy (Points : 5) at any time. only at the end of a period for
which a premium has been paid. only if Kerin no longer has an insurable interest in the property. only on advance written notice.
The answer is any time.
Expert answered|paral|Points 2125|
Question
Asked 9/18/2012 10:51:50 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
You are the chief executive officer of Money Games Inc.(MGI), which has begun to market Borrow & Spend, a video game set in the world of finance. To buy ads, MGI borrows $50,000 from First Savings Bank. On MGI's behalf, you sign a note for the loan and offer its accounts receivable as collateral. You sign a security agreement that describes the collateral. The bank does not file a financing statement. Has the banks security interest attached?
Weegy: The bank's security interest has attached, but it has not perfected its security interest. [ [ Typically in a closing for a secured loan, the borrower executes and delivers the note and security agreement and then the bank authorizes the release of the funds to the borrower. When the funds are released, the bank's security interest has attached because it has an executed security agreement describing the collateral and has given something of value for the secured interest (the loan). While the bank has a secured claim on the borrowers accounts receivable if there is a default on the loan, it has not perfected its security interest until it files the financing statement in the proper jurisdiction which would be the jurisdiction of incorporation of the corporation. Until it perfects its security interest, its claim against the accounts receivable will be subordinate to claims of other secured creditors who have perfected their security interest and it may lose priority to other creditors who perfected ahead of it. ] (More)
Question
Expert Answered
Asked 9/11/2012 9:21:57 AM
0 Answers/Comments
Agile Corporation borrows $1 million from Hi Finance Company (HFC). Agile signs a financing statement that describes the collateral, its inventory and proceeds, and HFC files the statement in the appropriate state office. Using the same collateral, Agile later borrows $500,000 from Metro Bank, which files its financing statement. Agile defaults on the loans. Metro claims that at the time of its loan it was unaware of HFCs interest. Between these parties, who has priority to the collateral?
Weegy: who ever filed their secured interest first.the one that first filed their collateral agreement in proper legal form in the proper government office. after such a proper filing, [ all subsequent interested parties are assumed under law to have had actual notice of the collateral agreement ... that's what the public filing process is for. judgment for HFC. ps - the State's Attorney or similar may wish to prosecute the executives of Agile corp. for felony fraud relating to the bank loan - they KNEW the collateral was already encumbered when they went to get the bank loan. ] (More)
Question
Expert Answered
Asked 9/11/2012 9:53:11 AM
0 Answers/Comments
Define and interpret this concept in your own words, and explain under what conditions and in what relationships showing grace is appropriate and inappropriate.
Weegy: Grace is God coming down to move people to places of physical and/or spiritual well-being. Example of the relationships involved; "Noah was a righteous man, blameless among the people of his time, [ and he walked with God." (Genesis 6:9) God decided to move Noah and his family to a place of safety - the Ark - and to preserve them through the flood that destroyed the corrupt and wicked generation back then (verses 11-12). Noah had to believe God and carry out God's instructions, yet the act of saving that family was not due to Noah meriting God's favour, but because "Noah found grace in the eyes of the Lord." (verse 8) The Genesis account goes on to show just how flawed Noah was. He wasn't perfect! ] (More)
Question
Expert Answered
Asked 9/12/2012 9:09:55 PM
0 Answers/Comments
what is the mean of grace
Weegy: Grace is defined as seemingly effortless beauty or charm of movement, form, or proportion. A characteristic or quality pleasing for its charm or refinement. (More)
Question
Expert Answered
Asked 9/12/2012 9:43:15 PM
0 Answers/Comments
18,416,020 questions answered
Popular Conversations
. What is the value of 4 cubed? A. 24 B. 43 C. 64 ...
Weegy: The answer is C. 125,000,000 User: What is the value of 324? A. 1,048,576 B. 18 C. 128 D. ...
11/22/2014 4:52:09 PM| 3 Answers
It rained yesterday and is supposed to be sunny today. This is an ...
Weegy: It is an example of B) climate. User: In Hawaii, you can almost always expect 80°F temperatures and daily ...
11/23/2014 3:21:11 AM| 3 Answers
Who is the prime minister of India?
Weegy: Manmohan Singh is the 13th and current Prime Minister of India. User: National flower of India?
11/22/2014 1:28:06 AM| 2 Answers
One of the major advantages of VANs is cost. True or False
Weegy: What is false? Do you have a question for Weegy? User: True or False One of the major advantages of VANs is ...
11/22/2014 2:06:05 AM| 2 Answers
293.55 is 51.5% of what number?
11/22/2014 3:36:30 AM| 2 Answers
When purchasing merchandise for resale for cash, record the ...
Weegy: User: When purchasing merchandise for resale for cash, record the transaction in the Answer: Business documents ...
11/22/2014 6:52:09 AM| 2 Answers
The _____ is the smallest interval in Western music. half ...
Weegy: In Western music, intervals are most commonly differences between notes of a diatonic scale. User: Which types ...
11/22/2014 9:44:17 AM| 2 Answers
Which of the following best describes the advantage of having data ...
Weegy: a. The number of digits that can be included within the data best describes the advantage of having data ...
11/22/2014 11:03:31 AM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2381 [Total 14092]| Ratings 10| Comments 2281| Invitations 0|Offline
S
L
Points 1284 [Total 3570]| Ratings 0| Comments 1284| Invitations 0|Offline
S
L
Points 706 [Total 1227]| Ratings 6| Comments 646| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 702 [Total 14076]| Ratings 0| Comments 702| Invitations 0|Offline
S
Points 504 [Total 536]| Ratings 1| Comments 494| Invitations 0|Offline
S
1
L
L
Points 217 [Total 6611]| Ratings 0| Comments 217| Invitations 0|Offline
S
L
Points 150 [Total 1446]| Ratings 3| Comments 120| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
S
Points 40 [Total 40]| Ratings 4| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.