John owns an heirloom clock that has a current market value of $8,000. The clock is insured for $5,000. The clock is tot
Posted: Sun Jun 05, 2022 12:07 pm
John owns an heirloom
clock that has a current market value of $8,000. The clock is
insured for $5,000. The clock is totally destroyed in a fire. At
the time of loss, a collector was willing to buy John’s clock
for
$10,000.
clock that has a current market value of $8,000. The clock is
insured for $5,000. The clock is totally destroyed in a fire. At
the time of loss, a collector was willing to buy John’s clock
for
$10,000.