Reference no: EM13849804
Part 1
Jim borrowed $700,000 from Suburban Bank to buy a boat for his Alaskan king crab fishing business. He keeps the boat at a dock owned by the Barnacle Company. Jim also has a contract with the Landshark Fishing Company to transport his crabs from one port to another. Include the following in your paper:
Do any of the following parties have an insurable interest in Jim or his property? If an interest exists, explain the extent of the interest.
Suburban Bank
Barnacle Company
Landshark Fishing Company
If Jim did not own the boat but operated it on behalf of the Landshark Fishing, would he have an insurable interest in the boat? Explain your answer.
Part 2
The Balut Corporation has 4,000 sales representatives and employees in the United States who drive company trucks. The company's risk manager has recommended to the firm's management team that the company should implement a partial retention program for collision losses to company trucks. Include the following in your paper:
Explain the advantages and disadvantages of a partial retention program to the Balut Corporation.
Identify the factors that Balut Corporation should consider before it adopts a partial retention program for collision losses for company trucks.
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Bonds on the market making annual payments
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Describe a time when you asked for and received forgiveness
: Consider a time when you forgave someone who treated you unjustly. Did you move through the states identified by Enright and his colleagues?
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Risk is present in any number of situations
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How business model will be different from direct competitors
: Discuss how your business model will be different from direct or indirect competitors. Please consider some of the following ways of gaining advantage Core strategy and Strategic resources
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Disadvantages of a partial retention program
: Explain the advantages and disadvantages of a partial retention program to the Balut Corporation. Identify the factors that Balut Corporation should consider before it adopts a partial retention program for collision losses for company trucks.
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How do leaders prevent themselves from being perceived
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Prepare the journal entries to record income taxes
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What are the days sales outstanding
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Channel width needs to be twice range of frequencies
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