Question
When an insurer pays your claim for a damaged item and
then takes possession of it for resale to offset its loss is called?Solution
Salvage refers to when the partly damaged goods or any machinery or any other property settled on total Loss basis is known as “Salvage”. After the claim for the full amount the salvage becomes the property of the insurance company. It is mandatory to transfer all rights, ownership, and interest of the damaged cargo to the insurer, after which the insurer becomes the owner of the damaged goods.
given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow...
In the question below, there are three statements followed by three conclusions I, II, and III. You have to take the three given statements to be true ...
Statements: Some red are yellow.
All yellow are green.
...
In the questions given below there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
At least some singers are dancers. Some dancers are not lyricist.
Statements: Some reds are blues.
All blues are greens.
Some greens are n...
Statements:
Only a few Bottle is Cold
All Cold are Weather
Some Water are Weather
Conclusions:
I. All Bottle be...
Statements :
Some files are folders.
Some folders are envelopes.
Some envelopes are letters.
Conclusions:
I. Some...
Statements:
N < J; S = M; J ≥ S; P > M
Conclusions:
I. M ≤ J
II. S < P
III. N > S
Statements:
All car are bus.
Some bus are truck.
Some truck are train.
Some train are bike.
Conclusions:
...
