Applied Business Law

Jun 20th, 2015
Price: $5 USD

Question description

Eagle Sales Company owns a warehouse, subject to a mortgage obtained from First National Bank. Separately, Eagle and First National obtain insurance policies from Good Hands Insurance, Inc., to cover the warehouse. Later, Eagle sells the property to Interstate Distribution Corporation but keeps the insurance policy. First National agrees to act as Interstate's mortgagee, and Interstate obtains an insurance policy from Good Hands to cover the property. A fire totally destroys the warehouse.

Who can recover an amount for its loss?

Tutor Answer

(Top Tutor) Daniel C.
School: Duke University

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Jun 24th, 2015
"Excellent work as always thanks so much"
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