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Q: Jay is a surety for Karen’s loan from Little Bank. Jay’s right to be reimbursed by Karen after having paid her debt is the right of (Points : 5) contribution. redemption.
reimbursement. subrogation.
A: reimbursement
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Original conversation
User: Jay is a surety for Karen’s loan from Little Bank. Jay’s right to be reimbursed by Karen after having paid her debt is the right of (Points : 5) contribution. redemption. reimbursement. subrogation.

Weegy: reimbursement
jeifunk|Points 3861|

User: Ross and Sally agree to guarantee Tim’s debt. Ross’s maximum liability is $30,000, and Sally’s is $20,000. Tim owes $20,000 and is in default. Ross pays the creditor the entire amount. In the absence of an agreement to the contrary, Ross can recover from Sally (Points : 5) $8,000. $10,000. $20,000. nothing.

Weegy: Ross can recover from Sally $8,000.
bongche|Points 2433|

User: 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.

User: 5. Burt obtains from Capital Insurance Company a policy that provides that if the parties cannot agree on the amount of a loss covered by the policy, an estimate of the value by an impartial third party can be demanded. This is (Points : 5) an antilapse clause. an arbitration clause. an appraisal clause. an incontestability clause.

Weegy: The answer is an appraisal clause. [ ; Clause in a property insurance policy that stipulates that either the insurer or the insured has the right to demand an appraisal in order to determine the monetary damage or loss to an insured property. Read more: ]
bongche|Points 2433|

User: Ginny obtains a health-insurance policy for her family from Hope Insurance Company. The policy includes an incontestability clause. Under such a clause, after a policy has been in force for a specified period or time, such as two or three years (Points : 5) Ginny cannot enter a contest sponsored by Hope or its affiliate. Ginny cannot contest Hope’s refusal to pay a claim under the policy. Hope cannot contest Ginny’s eligibility for continued coverage. Hope cannot contest Ginny’s statements in the application.

Weegy: The answer is an appraisal clause. [ ; Clause in a property insurance policy that stipulates that either the insurer or the insured has the right to demand an appraisal in order to determine the monetary damage or loss to an insured property. Read more: ]
bongche|Points 2433|

User: Ginny obtains a health-insurance policy for her family from Hope Insurance Company. The policy includes an incontestability clause. Under such a clause, after a policy has been in force for a specified period or time, such as two or three years (Points : 5) Ginny cannot enter a contest sponsored by Hope or its affiliate. Ginny cannot contest Hope’s refusal to pay a claim under the policy. Hope cannot contest Ginny’s eligibility for continued coverage. Hope cannot contest Ginny’s statements in the application.

Weegy: The answer is an appraisal clause. [ ; Clause in a property insurance policy that stipulates that either the insurer or the insured has the right to demand an appraisal in order to determine the monetary damage or loss to an insured property. Read more: ]
bongche|Points 2433|

User: Ginny obtains a health-insurance policy for her family from Hope Insurance Company. The policy includes an incontestability clause. Under such a clause, after a policy has been in force for a specified period or time, such as two or three years



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Asked 6/29/2012 4:45:14 PM
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