Larry Lee’s 1985 Lamborghini was stolen, and by the time Lee recovered the car, it had been extensively damaged. The car was insured by Farmers Insurance Co. of Washington under a policy providing comprehensive coverage, including car theft. A provision in the policy stated that the coverage for theft damages was subject to certain terms and conditions, including the condition that any person claiming coverage under the policy must allow Farmers "to inspect and appraise the damage vehicle before its repair or disposal." Lee, without notifying Farmers and without giving Farmers an opportunity to inspect the vehicle sold the car to a wholesale car dealer. Farmers then denied the coverage, and Lee brought suit to recover for the damages caused to his car by the theft. Does Lee have a valid claim against the insurance company?

Lee does not have a valid claim against the insurance company.

Explanation:

The insurance company that had Lee as a customer made it very clear that coverage for car damage caused by theft was subject to certain terms and conditions, including the condition that anyone claiming coverage under the policy must allow farmers "inspect and evaluate the damaged vehicle prior to repair or disposal".

Lee did not allow farmers to inspect and evaluate the curriculum. Thus, he broke a clause of his contract with the insurance company, causing him to lose those benefits.

YEs, beccaseu there is not Resonalbe Assumptions

Explanation:

Christian Everland (SS# 412-34-5670) is single and resides at 3554 Arrival Road, Apt. 6E, Buckhead, GA 30625. Last year Christian started his own landscaping business. He now has two employees and had the following business results in 2018: Revenue $ 63,500 Expenses Wages $ 12,500 Payroll taxes 956 Fuel 3,500 Repairs 2,345 Assets Truck, used 100% for business. Original cost of $22,000. Purchased on 03/01/18. Mower #1. Original cost of $4,500. Purchased new on 01/05/18. Mower #2. Leased for $200 per month for all of 2018. Other business equipment. Original cost of $4,000. Purchased new on 01/05/18. Section 179 depreciation is elected for all eligible assets. Christian has no other income, does not itemize, and has no dependents. He paid four quarterly federal tax estimates of $700 each.

Prepare Christian’s 2016 Form 1040 and supplemental schedules. Schedule C, Form 4562, and Schedule SE are required. He wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Christian had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions.

YEs, beccaseu there is not Resonalbe Assumptions

Explanation: