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. proves that Danson was negligent and legally liable.

. proves that Danson was negligent and legally liable.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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8. Tilson Industries is the owner of a recreation center that Danson Contracting is building. To save money, Tilson doesn't buy a builders risk policy and requires Danson to have CGL and umbrella insurance. When the roof of the recreation center collapses due to high winds during construction, Tilson wants Danson to pay the costs of rebuilding it and files a suit against Danson. Danson's CGL insurer agrees to defend Danson. Tilson will only receive funds from the CGL insurer to rebuild if Tilson 0a. completes the work with another contractor and asks for reimbursement. ob. proves that Danson was negligent and legally liable. Oc. arranges for an independent inspector to assess the damage. od. also files a claim against the manufacturer of the roofing materials.
Transcribed Image Text:8. Tilson Industries is the owner of a recreation center that Danson Contracting is building. To save money, Tilson doesn't buy a builders risk policy and requires Danson to have CGL and umbrella insurance. When the roof of the recreation center collapses due to high winds during construction, Tilson wants Danson to pay the costs of rebuilding it and files a suit against Danson. Danson's CGL insurer agrees to defend Danson. Tilson will only receive funds from the CGL insurer to rebuild if Tilson 0a. completes the work with another contractor and asks for reimbursement. ob. proves that Danson was negligent and legally liable. Oc. arranges for an independent inspector to assess the damage. od. also files a claim against the manufacturer of the roofing materials.
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