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Question 1: Peter lost control of his car and drove it though his neighbor, Clyde's, fence. If Clyde were to bring a claim against Peter for the damage to the fence, what type of insurance would Peter need to cover the damage?
A. No-fault insurance
B. Collision insurance
C. Property damage liability insurance
D. Homeowner's insurance
Question 2: Joe made an agreement with Auto Insurance Co. not to use his van for commercial business purposes when he purchased auto insurance. Joe had an accident while delivering pizzas for Bigger Pizza, Inc. For which type of violation will Joe not be covered under his insurance?
A. Breach of warranty
B. Fraudulent concealment
C. Misrepresentation
D. Concealment
Question 3: Terry parks his car outside the restaurant and goes inside to eat. When he returns, his car has been damaged by vandalism. Terry's insurance company will pay for the repairs if Terry has _______ insurance.
A. collision
B. comprehensive
C. no-fault
D. liability
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 ..
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