Which legal doctrine does this potentially violate

Assignment Help Financial Management
Reference no: EM132006274

Mary recently purchased a wood-burning stove for her cabin in the mountains. She remembers that when she originally purchased homeowners insurance for the cabin, the insurance agent asked if she had a wood-burning stove, because wood-burning stoves increase the risk of fire. At the time, she correctly answered no. Now, she must decide whether to inform her insurance agent about the new stove.

(a) Which legal doctrine does this potentially violate?

(b) What criteria are used to determine whether or not she was in violation?

(c) Would you advise her to inform the insurance agent? Explain.

Reference no: EM132006274

Questions Cloud

Compliance with billing and coding policies : Which hospital department is responsible for ensuring compliance with billing and coding policies?
Decision to seek revocation of a client probation : What probation officer theories might underlie such a decision to seek revocation of a client's probation.? What are the goals?
Different circumstances in strategic management : What are the different types of strategic alliances used in different circumstances in strategic management?
What are five necessary conditions for project success : What are five necessary conditions for project success. What are some project constraints that could affect project success?
Which legal doctrine does this potentially violate : Mary recently purchased a wood-burning stove for her cabin in the mountains. Which legal doctrine does this potentially violate?
Corporate governance compliances and risk management : a) Discuss corporate governance compliances and risk management requirements in Malaysia.
Which ethical principles help frame the nature of dilemma : PSY-510 Assignment - Contemporary and Ethical Issues in Psychology. Grand Canyon University. Which APA Ethical Principles help frame the nature of the dilemma
Relationships between a company management : "Corporate governance involves a set of relationships between a company's management, its board, its shareholders and other stakeholders.
What is the percentage change in the price of these bonds : The Faulk Corp. has a 5 percent coupon bond outstanding. What is the percentage change in the price of these bonds?

Reviews

Write a Review

Financial Management Questions & Answers

  Effective rate of interest

Find the interest rates earned on each of the following. You borrow $690 and promise to pay back $759 at the end of 1 year. You lend $690 and the borrower promises to pay you $759 at the end of 1 year.

  Example of operating cash flow

The dominant currency used by subsidiary in day-to-day operations is known as its currency. Which of following is not example of operating cash flow?

  What is their nominal yield to maturity

What is their nominal yield to maturity? What is their nominal yield to call? What return should investors expect to earn on these bonds?

  Uses the subjective approach and applies adjustment factor

Hankins, Inc., is considering a project that will result in initial aftertax cash savings of $5.9 million at the end of the first year, and these savings will grow at a rate of 3 percent per year indefinitely. The cost-saving proposal is somewhat ris..

  Risky portfolio expected return is at least

Treasury bills are paying a 4% rate of return. A risk-averse investor with a risk aversion of A = 3 should invest entirely in a risky portfolio with a standard deviation of 24% only if the risky portfolio's expected return is at least ______.

  What was arithmetic average annual return

What was the arithmetic average annual return on large-company stocks in real terms?

  How would you measure your personal risk tolerance

How would you measure your personal risk tolerance? What are some of the tools out there to do that?

  Perspective of party paying euros and receiving dollars

Find the market value of the swap from the perspective of the party paying euros and receiving dollars.

  What is the loan balance

What is the loan balance?

  Withdraw from the retirement account

Hunter Boyd who just turned 32, expects to retire in 35 years when he turns 67. Mr. Boyd just passed Idaho’s Licensed Plumbers LP exam, allowing him to bid on plumbing projects having a total cost less than $25,000. Assuming that inflation is expecte..

  Finances with only debt and common equity

Duval Manufacturing recently reported the following information: Net income $ 640,000 ROA 8% Interest expense $ 192,000 Accounts payable and accruals $950,000 Duval’s tax rate is 35%. Duval finances with only debt and common equity, so it has no pref..

  Company is using economic order quantity model

The company is using Economic Order Quantity model in placing the orders. What is the average inventory held during the year?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd