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Question
Business Corporation (BC) buys Construction Equipment Company (CEC) and obtains insurance from Diverse Insurers, Inc., to cover a loss of any equipment. BC sells CEC. Nine months later, CEC's equipment is stolen. BC can recovera. nothing.
b. the amount of BC's initial investment in CEC.
c. the amount of the loss up to the dollar limits of the policy.
d. the total amount of the loss.
Answer
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