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Explain which types of Aviation Insurance Policy is applicable for the case given below:
Frank takes John for a ride in his aircraft. During the flight the engine quits and Frank makes an emergency landing on a road. During the landing John is injured and the driver of a car on the road is also injured. Frank's aircraft liability insurance is $1,000,000 per occurrence with a sub-limit of $100,000 per passenger. The aircraft insurance company pays $100,000 for John's claim and $700,000 to the driver of the car for injuries. The insurance company also pays $25,000 for damage to the car.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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