Did victory have insurable interest in warrensburg property

Assignment Help Management Theories

Reference no: EM131378936

Victory Container Corporation was owned by the three Radin brothers. Two of those brothers also owned the Warrensburg Paper and Board Corporation. Victory had no direct ownership of the Warrensburg plant however.

Nevertheless, Victory took out a fire insurance policy on the Warrensburg plant. When the Warrensburg property was damaged, Victory attempted to collect under the policy. Did Victory have an insurable interest in the Warrensburg property? Explain.

Victory Container Corporation v. Calvert Fire Insurance Company, 486 N.Y.S.2d 211 (NY).

Reference no: EM131378936

Questions Cloud

Was it entitled to the million dollars : Did Al Zuni Trading, Inc., have an insurable interest in the life of McKee, and thus, was it entitled to the million dollars? Explain.

Must the insurance company pay for the loss : Peter Covich, an employee of Cash Air, Inc., did not meet the pilot experience requirements when the Piper Seneca airplane he was piloting crashed, causing personal injuries and property damage. Must the insurance company pay for the loss? Explain..

Completion of the introduction and literature review : Completion of the introduction and literature review revision assignment for Unit V. If you have questions, please email your professor for assistance.

What are nominal interest rates for both us and euro area : If the real interest rate is 5%, the U.S. inflation rate is at 3%, and the inflation rate of the euro area (the countries that use the euro) is at 4%, what are the nominal interest rates for both the United States and the euro area?

Did victory have insurable interest in warrensburg property : When the Warrensburg property was damaged, Victory attempted to collect under the policy. Did Victory have an insurable interest in the Warrensburg property? Explain.

Did avrit and schuring have an insurable interest : Did Avrit and Schuring have an insurable interest between the time of the down payment and the time the deal was finalized? Explain.

Compare the teachings of confucius and aristotle : Compare the teachings of Confucius and Aristotle on what constitutes virtue or good ethical character and conduct, noting similarities and differences in specific ideas or emphasis

Who would prevail in a majority of states : Allstate argued that the sanity clause removed the issue of mental incapacity from the case. Who would prevail in a majority of states? Explain.

What are benefits of improving employee financial literacy : Do you think all marketing staff members should be equipped to speak with the public about the firm's financial matters? What are some of the benefits of improving employee financial literacy?

User Account

All Pages