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.
StatementÂ
Only Girls are boy
Some girls are men
No men is women
Conclusion
I. Some boy is women
II. Some...
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No circle is a tangent.
Some tangents are perpendiculars.
Conclusions : I. Some perp...
Statements :
Only a few Toy is Game.
All Games are Players.
No Player is Sport.
Conclusion :
I. At least some Play...
Statement:
No dress is western.
Only a few westerns are Indians.
All Indians are traditional.
Conclusion:
I. No dress...
In the question below there are three statements followed by three conclusions I, II and III. You have to take the four given statements to be true eve...
Statements: Some villages are towns.
Some towns are huts.
All huts are rivers.
Some rivers are tents.
Conclusions:I. som...
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 ...
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
Statement:
Only a few radios are TVs
Only a few laptops are cables
All cables are TVs
Conclusion:
I. All laptop...
Statements:
Each hand is pump.
Every pump is tap.
Some hand are water.
Conclusions:
I. Some pump are water.
II. No water is tap.
III. Some tap are hand.
